Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

MPS Preview: High for Longer

OMO Result: SBP injects Rs1tr

OMO Result: SBP injects Rs9.66tr
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

August 11, 2023 (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 Rs1.01 trillion into the market. Of which Rs724.95 billion 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

7-Day Reverse Repo (Injection) 34,150 25,000 22.25-22.02 22.14 08 03
70-Day   1,081,900 699,950 22.27-22.02 22.11 29 20

Total

1,116,050 724,950

 

Meanwhile, the remaining Rs291bn 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

7-Day Reverse Repo (Injection) 120,000 100,000 22.15-22.11 22.15 02 01
70-Day   191,000 191,000 22.25-22.16 22.16 03 03

Total

311,000 291,000

 

Copyright Mettis Link News

Posted on: 2023-08-11T13:13:47+05:00