OMO Result: SBP injects Rs7.63tr

MG News | March 08, 2024 at 11:46 AM GMT+05:00

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March 08, 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 Rs7.63 trillion into the market. Of which Rs7.51tr 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)	7,262,600	7,262,600	22.11 - 22.05	22.05	27	27
28D	Reverse Repo (Injection)	246,200	246,200	22.1 - 22.04	22.04	10	10
Total		7,508,800	7,508,800

Meanwhile, the remaining Rs120.5 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)	120,500	120,500	22.1 - 22.08	22.08	4	4
28D	Reverse Repo (Injection)	-	-	-	-	-	-
Total		120,500	120,500

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