OMO result: SBP injects Rs744.5 bn for 7 and 63 days

MG News | January 07, 2022 at 01:37 PM GMT+05:00

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January 7, 2022 (MLN): The State Bank of Pakistan (SBP) conducted another Open Market Operations (OMO) today, in which it injected Rs320 billion and Rs424.5 billion into the market for 7 days and 63 days at 9.9% and 9.91%, respectively, bringing total injections to Rs744.5 billion.

This is the fourth time in two months that SBP has injected cash into the money market for an unusual 63-day period.

For a 7-day injection, the total amount offered at 9.90% was Rs88 billion out of which SBP accepted Rs53.95 billion on a pro-rata basis.

Summary of OMO Result
		Amount (Rs in Millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Days	Reverse Repo (Injection)	355,150.00	320,000.00	9.98 – 9.88	9.90	16	15
63 Days	Reverse Repo (Injection)	559,500.00	424,500.00	9.99-9.75	9.91	20	11
Total		914,650.00	744,500.00

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