OMO Result: SBP injects Rs1.44tr in market

MG News | April 07, 2023 at 12:07 PM GMT+05:00

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April 07, 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 Rs1.44 trillion into the market, from which Rs1.39tr 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)	181,000	181,000	21.32 - 21.1	21.10	6	6
70-Day	Reverse Repo (Inject)	1,210,950	1,210,950	21.21 - 21.08	21.08	22	22
Total		1,391,950	1,391,950

Moreover, SBP also conducted Shariah-compliant Mudarabah OMO today, in which it injected Rs53bn into the market.

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)	31,000	31,000	21.2 - 21.2	21.2	1	1
70-Day	Shariah Compliant (Injection)	22,000	22,000	21.18 - 21.18	21.18	1	1
Total		53,000	53,000

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