OMO Result: SBP injects Rs1.34tr

MG News | May 19, 2023 at 12:40 PM GMT+05:00

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May 19, 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 Rs1.34 trillion into the market, from which Rs1.26bn injected into the market under reverse repo.

Summary of OMO Result
		Amount (Rs in millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Day	Reverse Repo (Inject)	612,000	612,000	21.15 - 21.09	21.09	9	9
77-Day		649,900	649,900	21.20 - 21.02	21.02	27	27
Total		1,261,900	1,261,900

While the remaining Rs85bn has been injected through Shariah-Compliant Modarabah-based OMO.

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)	-	-	No Bid Received	-	-	-
77-Day		85,000	85,000	21.13 - 21.13	21.13	1	1
Total		85,000	85,000

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