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OMO Result: SBP Injects Rs679.75bn into Market

SBP to discontinue airtime incentive for USD remittances
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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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Posted on: 2023-01-13T16:27:15+05:00