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

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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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Posted on: 2022-01-07T13:37:36+05:00

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