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OMO Result: SBP Injects Rs783.20bn into Market

SBP to discontinue airtime incentive for USD remittances
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January 20, 2023 (MLN): The State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO), and Shariah-compliant Mudarabah OMO today, in which it cumulatively injected a total of Rs783.20 billion into the market, from which Rs708.20bn injected into the market for four days at 16.27%.

Summary of OMO Result

 

 

Amount (Rs in Millions)

Rate (%)

Bids

Tenor

Type

Offered

Accepted

High – Low

Accepted

Offered

Accepted

4-Days

Reverse Repo (Inject)

1,007,500

708,200

16.56 – 16.05

16.27

19

08

Total

1,007,500

708,200

 

Moreover, SBP also conducted Shariah-compliant Mudarabah OMO today, in which it injected Rs75bn into the market for four days at 16.35%.

Summary of Shariah-Compliant Mudarabah-based OMO Result

 

 

Amount (Rs in Millions)

Rate (%)

Quotes

Tenor

Type

Offered

Accepted

High – Low

Accepted

Offered

Accepted

4-Days

Reverse Repo (Injection)

75,000

75,000

16.35 – 16.35     

16.35

1

1

Total

75,000

75,000

 

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Posted on: 2023-01-20T16:40:45+05:00