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MPS Preview: High for Longer

OMO Result: SBP injects Rs1.25tr

OMO Result: SBP injects Rs9.66tr
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January 05, 2024 (MLN): The State Bank of Pakistan (SBP) conducted a reverse repo and Shariah Compliant Modarabah based Open Market Operation (OMO) today, in which it cumulatively injected a total of Rs1.25 trillion into the market. Of which Rs1.21tr were injected through reverse repo OMO.

Summary of OMO Result

 

 

Amount (Rs in Million)

Rate (%)

Quotes

Tenor

Type

Offered

Accepted

High – Low

Accepted

Offered

Accepted

07-Day Reverse Repo (Injection) 101,700 101,700 22.12 – 22.10 22.10 02 02
14-Day   103,650 103,650 22.12 – 22.06 22.06 06 06
28-Day   1,383,300 1,000,000 22.10 – 22.03 22.04 20 19

Total

1,588,650 1,205,350

 

Meanwhile, the remaining Rs49 billion was injected through Shariah-compliant Modarabah-based OMO. 

Summary of OMO Result

 

 

Amount (Rs in Million)

Rate (%)

Quotes

Tenor

Type

Offered

Accepted

High – Low

Accepted

Offered

Accepted

07-Day Reverse Repo (Injection) 26,000 26,000 22.10 – 22.07 22.07 03 03
14-Day   23,000 23,000 22.12 – 22.09 22.09 02 02
28-Day   No Bid Received

Total

49,000 49,000

 

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Posted on: 2024-01-05T15:03:29+05:00