OMO Result: SBP injects Rs503.8bn

By MG News | February 16, 2024 at 01:05 PM GMT+05:00

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February 09, 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 Rs503.8 billion into the market. Of which Rs382.8bn 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
7D	Reverse Repo (Injection)	343,050	228,050	22.09 - 22.06	22.07	5	3
28D	Reverse Repo (Injection)	200,300	154,750	22.08 - 22.05	22.07	11	7
Total		543,350	382,800

Meanwhile, the remaining Rs121bn 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
7D	Reverse Repo (Injection)	70,600	70,600	22.08 - 22.08	22.08	2	2
28D	Reverse Repo (Injection)	50,400	50,400	22.11 - 22.07	22.07	3	3
Total		121,000	121,000

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