OMO Result: SBP injects Rs1.71tr in market

MG News | March 27, 2023 at 01:58 PM GMT+05:00

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March 27, 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 Rs1.71 trillion into the market, from which Rs1.6tr injected into the market for 74-day at 20.15% rate of return.

Summary of OMO Result
		Amount (Rs in millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
2-Day	Reverse Repo (Inject)	442,150	bids rejected	20.40-20.23	-	5	-
74-Day	Reverse Repo (Inject)	1,608,300	1,605,300	20.50 - 20.14	20.15	34	33
Total		2,050,450	1,605,300

Moreover, SBP also conducted Shariah-compliant Mudarabah OMO today, in which it injected Rs107bn into the market at a 20.15% rate of return for 74-day.

Summary of Shariah-Compliant Mudarabah-based OMO Result
		Amount (Rs in Millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
4-Day	Shariah Compliant (Injection)	No bids received	-	-	-	-	-
74-Day	Shariah Compliant (Injection)	107,000	107,000	20.45 - 20.15	20.15	06	06
Total		107,000	107,000

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