OMO results: SBP injects Rs 604bn for 7 and 63 days

MG News | December 31, 2021 at 01:36 PM GMT+05:00

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December 31, 2021 (MLN): The State Bank of Pakistan (SBP) conducted another Open Market Operations (OMO) today, in which it injected Rs330 billion and Rs274 billion into the market for 7 days and 63 days at 9.87% and 9.88%, respectively, bringing total injections to Rs604 billion.

This is the third time in a month that SBP has conducted OMO for a tenor of more than two months.

To recall, in the last two OMOs, SBP injected Rs1.77 trillion and Rs1.08 trillion into the market on Dec 17 and Dec 24, respectively.

Summary of OMO Result
		Amount (Rs in Millions)		Rate (%)		Quotes
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Days	Reverse Repo (Injection)	598,250.00	330,000.00	10.15 – 9.84	9.87*	20	16
63 Days	Reverse Repo (Injection)	367,750.00	274,000.00	10.00-9.86	9.88	15	12
Total		963,000.00	604,000.00

* Total amount offered in 07-Days OMO at 9.87 % was Rs. 169,000.00 million out of which SBP accepted Rs49,400.00 million on a pro-rata basis.

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