OMO Result: SBP injects Rs776bn

By MG News | February 23, 2024 at 12:41 PM GMT+05:00

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February 23, 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 Rs776 billion into the market. Of which Rs481.5bn 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)	143,850	143,850	22.15 - 22.09	22.09	4	4
28D	Reverse Repo (Injection)	420,800	337,650	22.1 - 22.05	22.08	14	11
Total		564,650	481,500

Meanwhile, the remaining Rs294.5 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)	208,500	204,500	22.1 - 22.07	22.08	4	3
28D	Reverse Repo (Injection)	125,000	90,000	22.11 - 22.07	22.10	3	2
Total		333,500	294,500

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