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MPS Preview: High for Longer

OMO Result: SBP injects Rs2.17tr

OMO Result: SBP injects Rs9.66tr
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January 19, 2024 (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 Rs2.17 trillion into the market. Of which Rs2.09tr 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

07-Day Reverse Repo (Injection) 1,407,200 1,407,200 22.11 – 22.07 22.07 13 13
14-Day   725,450 578,450 22.10 – 22.04 22.06 14 13
28-Day   107,950 104,850 22.10 – 22.04 22.06 08 06

Total

2,240,600 2,090,500

 

Meanwhile, the remaining Rs82 billion 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

07-Day Reverse Repo (Injection) 57,000 7,000 22.07 – 22.05 22.07 03 02
14-Day   75,000 75,000 22.11 – 22.05 22.05 02 02
28-Day   No Bid Received

Total

132,000 82,000

 

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Posted on: 2024-01-19T12:50:55+05:00