OMO Result: SBP injects Rs843.35bn

By MG News | April 28, 2023 at 03:19 PM GMT+05:00

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April 28, 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 Rs843.35 billion into the market, from which Rs608.35bn injected into the market under reverse repo.

Summary of OMO Result
		Amount (Rs in millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Day	Reverse Repo (Inject)	108,500	108,500	21.20 – 21.10	21.10	5	5
70-Day	Reverse Repo (Inject)	499,850	499,850	21.25 – 21.06	21.06	19	19
Total		608,350	608,350

Moreover, SBP also conducted Shariah-compliant Mudarabah OMO today, in which it injected Rs235bn into the market.

Summary of Shariah-Compliant Mudarabah-based OMO Result
		Amount (Rs in Millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Day	Shariah Compliant (Injection)	22,000	22,000	21.18 – 21.11	21.11	3	3
70-Day	Shariah Compliant (Injection)	213,000	213,000	21.20– 21.15	21.15	4	4
Total		235,000	235,000

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