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OMO Result: SBP Injects Rs2.07tr Into Market

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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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Posted on: 2022-12-16T15:55:05+05:00