OMO Result: SBP injects Rs8.18tr

MG News | March 22, 2024 at 11:01 AM GMT+05:00

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March 22, 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 Rs8.18 trillion into the market. Of which Rs7.78tr 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)	784,350	784,350	22.1 - 22.05	22.05	17	17
28D	Reverse Repo (Injection)	6,999,350	6,998,850	22.11 - 22.03	22.05	28	27
Total		7,783,700	7,783,200

Meanwhile, the remaining Rs398 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)	212,000	212,000	22.11 - 22.08	22.08	5	5
28D	Reverse Repo (Injection)	186,000	186,000	22.11 - 22.07	22.07	3	3
Total		398,000	398,000

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