OMO Result: SBP Injects Rs679.75bn into Market

By MG News | January 13, 2023 at 04:27 PM GMT+05:00

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January 13, 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 Rs679.75 billion into the market, from which Rs68.45bn injected into the market for 7 days at 16.25%, and Rs505.30bn for 77 days at 16.25% rate.

Summary of OMO Result
		Amount (Rs in Millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Days	Repo (Inject)	68,450	68,450	16.25 - 16.25	16.25	1	1
77-Days	Repo (Inject)	921,850	505,300	16.27 - 16.17	16.25	27	6
Total		990,300	573,750

Moreover, SBP also conducted Shariah-compliant Mudarabah OMO today, in which it injected Rs106bn into the market for 77 days at 16.25%.

Summary of Shariah-Compliant Mudarabah-based OMO Result
		Amount (Rs in Millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
77-Days	Reverse Repo (Injection)	106,000	106,000	16.51 - 16.25	16.25	5	5
Total		106,000	106,000

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