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MPS Preview: High for Longer

OMO Result: SBP injects Rs8.18tr

OMO Result: SBP injects Rs9.66tr
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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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Posted on: 2024-03-22T11:01:41+05:00