OMO Result: SBP Injects Rs2.07tr Into Market

MG News | December 16, 2022 at 03:55 PM GMT+05:00

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December 16, 2022 (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 Rs2.07 trillion into the market, from which Rs100.65bn injected into the market for 7 days at 16.24% and Rs1.93tr for 70 days at 16.10%.

Summary of OMO Result
		Amount (Rs in Millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Days	Repo (Inject)	254,650	100,650	16.25 - 16.09	16.24	7	3
70-Days	Repo (Inject)	1,937,750	1,935,250	16.26 - 16.06	16.10	43	40
Total		2,192,400	2,035,900

Moreover, SBP also conducted Shariah-compliant Mudarabah OMO today, in which it injected Rs40.5bn into the market for 70 days at 16.09%.

Summary of Shariah-Compliant Mudarabah-based OMO Result
		Amount (Rs in Millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Days	Reverse Repo (Injection)	35,000	0.00	16.15 - 16.15	0.00	1	0
70-Days	Reverse Repo (Injection)	40,500	40,500	16.15 - 16.09	16.09%	2	2
Total		75,500	40,500

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