OMO Result: SBP injects Rs625.55bn in market

MG News | April 14, 2023 at 11:45 AM GMT+05:00

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April 14, 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 Rs625.55 billion into the market, from which Rs549.95bn injected into the market under reverse repo.

Summary of OMO Result
		Amount (Rs in Millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
14-Day	Shariah Compliant (Injection)	374,950	374,950	21.26 - 21.11	21.11	12	12
70-Day	Shariah Compliant (Injection)	175,000	175,000	21.15 - 21.07	21.07	13	13
Total		549,950	549,950

Moreover, SBP also conducted Shariah-compliant Mudarabah OMO today, in which it injected Rs75.6bn into the market.

Summary of Shariah-Compliant Mudarabah-based OMO Result
		Amount (Rs in millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
14-Day	Reverse Repo (Inject)	40,600	40,600	21.11 - 21.11	21.11	1	1
70-Day	Reverse Repo (Inject)	35,000	35,000	21.13 - 21.13	21.13	1	1
Total		75,600	75,600

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