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OMO Result: SBP injects Rs776bn

OMO Result: SBP injects Rs661.3bn
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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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Posted on: 2024-02-23T12:41:34+05:00