OMO Result: SBP injects Rs8.93tr

MG News | February 02, 2024 at 12:44 PM GMT+05:00

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February 02, 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 Rs8.93 trillion into the market. Of which Rs8.66tr were injected through reverse repo OMO.

Summary of OMO Result
		Amount (Rs in Million)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
07-Day	Reverse Repo (Injection)	394,200	394,200	22.09 - 22.07	22.07	07	07
14-Day		222,650	222,650	22.08 - 22.06	22.06	05	05
28-Day		8,043,850	8,043,850	22.10 - 22.05	22.05	31	31
Total		8,660,700	8,660,700

Meanwhile, the remaining Rs273 billion was injected through Shariah-compliant Modarabah-based OMO.

Summary of OMO Result
		Amount (Rs in Million)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
07-Day	Reverse Repo (Injection)	116,000	116,000	22.10 - 22.08	22.08	03	03
14-Day		157,000	157,000	22.12 - 22.07	22.07	04	04
28-Day		-	-	No Bid Received	-	-	-
Total		273,000	273,000

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