OMO Result: SBP injects Rs548.55bn

MG News | July 07, 2023 at 01:09 PM GMT+05:00

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July 07, 2023 (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 Rs548.55 billion into the market. Of which Rs494.55bn were injected through reverse repo purchase.

Summary of OMO Result
		Amount (Rs in Millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Day	Reverse Repo (Inject)	77,000	76,000	22.11 - 22.03	22.05	04	03
77-Day		668,700	418,550	22.08 - 22.01	22.04	17	18
Total		745,700	494,550

The remaining Rs54bn was injected through Shariah-Compliant Modarabah-based OMO.

Summary of Shariah-Compliant Mudarabah-based OMO Result
		Amount (Rs in millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Day	Shariah Compliant (Injection)	54,000	54,000	22.17 - 22.05	22.05	04	04
77-Day		–	–	No Bid Received	–	–	–
Total		54,000	54,000

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