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MPS Preview: High for Longer

OMO Result: SBP Injects Rs1.63tr into Market

SBP reserves rise $14.4m despite $1bn Eurobond repayment
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January 03, 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 Rs1.63 trillion into the market, from which Rs350bn injected into the market for 3 days at 16.50%, and Rs1.21tr for 73 days at 16.15% rate.

Summary of OMO Result

 

 

Amount (Rs in Millions)

Rate (%)

Bids

Tenor

Type

Offered

Accepted

High – Low

Accepted

Offered

Accepted

3-Days

Repo (Inject)

350,000

350,000

16.5 – 16.5

16.50

1

1

73-Days

Repo (Inject)

1,394,300

1,205,600

16.25 – 16.09

16.15    

28

15

Total

1,744,300

1,555,600

 

Moreover, SBP also conducted Shariah-compliant Mudarabah OMO today, in which it injected Rs73bn into the market for 73 days at 16.17%.

Summary of Shariah-Compliant Mudarabah-based OMO Result

 

 

Amount (Rs in Millions)

Rate (%)

Quotes

Tenor

Type

Offered

Accepted

High – Low

Accepted

Offered

Accepted

73-Days

Reverse Repo (Injection)

73,000

73,000

16.25 – 16.17

16.17

2

2

Total

73,000

73,000

 

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Posted on: 2023-01-03T15:33:10+05:00