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MPS Preview: High for Longer

OMO Result: SBP injects Rs7.36tr

OMO Result: SBP injects Rs9.66tr
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January 26, 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 Rs7.36 trillion into the market. Of which Rs7.09tr were injected through reverse repo OMO.

Summary of OMO Result
    Amount (Rs in Million) Rate (%) Quotes
Tenor Type Offered Accepted High – Low Accepted Offered Accepted
07-Day Reverse Repo (Injection) 7,232,500 235,000 22.16 – 22.04 22.04 30 30
14-Day   145,800 145,800 22.12 – 22.06 22.06 8 8
28-Day   12,050 12,050 22.08 – 22.04 22.04 4 4
Total 7,390,350 7,090,350  

Meanwhile, the remaining Rs273.5 billion was injected through Shariah-compliant Modarabah-based OMO. 

Summary of OMO Result
    Amount (Rs in Million) Rate (%) Quotes
Tenor Type Offered Accepted High – Low Accepted Offered Accepted
07-Day Reverse Repo (Injection) 230,500 230,500 22.11 – 22.08 22.08 5 5
14-Day   43,000 43,000 22.11 – 22.11 22.11 1 1
28-Day   No Bid Received
Total 273,500 273,500  

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Posted on: 2024-01-26T13:06:59+05:00