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OMO Result: SBP injects Rs1.14tr in market

OMO Result: SBP injects Rs7.7tr
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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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Posted on: 2023-03-10T16:16:21+05:00