OMO Result: SBP injects Rs619.85bn

MG News | May 10, 2024 at 03:00 PM GMT+05:00

0:00

May 10, 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 Rs619.85 billion into the market. Of which Rs589.85bn were injected through reverse repo OMO.

Summary of OMO Result (Reverse Repo)
		Amount (Rs in Million)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7D	Reverse Repo (Injection)	69,800	64,800	22.09 - 22.05	22.07	7	6
28D	Reverse Repo (Injection)	656,100	525,050	22.08 - 22.05	22.07	11	9
Total		725,900	589,850

Meanwhile, the remaining Rs30 billion was injected through Shariah-compliant Modarabah-based OMO.

Summary of OMO Result (Shariah)
		Amount (Rs in Million)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7D	Reverse Repo (Injection)	30,000	30,000	22.11 - 22.08	22.08	2	2
28D	Reverse Repo (Injection)	NBR	-	-	-	-	-
Total		30,000	30,000

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