OMO Result: SBP injects Rs1.14tr in market

MG News | March 10, 2023 at 04:16 PM GMT+05:00

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March 10, 2023 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO), and Shariah-compliant Mudarabah OMO today, in which it cumulatively injected a total of Rs1.14 trillion into the market, from which Rs1.08tr injected into the market of which Rs76.8bn were injected at 20.20% for 7-day and Rs1.01tr were injected at 20.09% rate of return for 77-day.

Summary of OMO Result
		Amount (Rs in millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Day	Reverse Repo (Inject)	218,800	76,800	20.32 - 20.08	20.20	7	3
77-Day	Reverse Repo (Inject)	1,043,050	1,012,050	20.25 - 20.05	20.09	28	25
Total		1,261,850	1,088,850

Moreover, SBP also conducted Shariah-compliant Mudarabah OMO today, in which it injected Rs25.5bn into the market at 20.15% for 7-day whereas bids for 77-day tenure were not recieved.

Summary of Shariah-Compliant Mudarabah-based OMO Result
		Amount (Rs in Millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Day	Shariah Compliant (Injection)	25,500	25,500	20.18 - 20.15	20.15	2	2
77-Day	Shariah Compliant (Injection)	0	0	0 - 0	0	0	0
Total		25,500	25,500

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