OMO Result: SBP injects Rs8.09tr

By MG News | March 01, 2024 at 12:28 PM GMT+05:00

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March 01, 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 Rs8.09 trillion into the market. Of which Rs7.9tr 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)	6,104,200	6,104,200	22.13 - 22.04	22.04	23	23
28D	Reverse Repo (Injection)	1,795,050	1,795,050	22.12 - 22.06	22.06	17	17
Total		7,899,250	7,899,250

Meanwhile, the remaining Rs190 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)	190,000	190,000	22.1 - 22.08	22.08	4	4
28D	Reverse Repo (Injection)	-	-	-	-	-	-
Total		190,000	190,000

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