March 17, 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 Rs1.8 trillion into the market, from which Rs1.76tr injected into the market of which Rs400bn were injected at 20.15% for 10-day and Rs1.36tr were injected at 20.11% rate of return for 77-day.
Summary of OMO Result
Amount (Rs in millions)
Rate (%)
Bids
Tenor
Type
Offered
Accepted
High – Low
Accepted
Offered
Accepted
10-Day
Reverse Repo (Inject)
461,150
400,000
20.32 – 20.15
20.15
8
8
77-Day
Reverse Repo (Inject)
1,385,700
1,368,250
20.21 – 20.08
20.11
28
24
Total
1,846,850
1,768,250
Moreover, SBP also conducted Shariah-compliant Mudarabah OMO today, in which it injected Rs123.95bn into the market of which Rs60.95bn were injected at 20.18% for 10-day and Rs63bn were injected at 20.15% rate of return for 77-day.
Summary of Shariah-Compliant Mudarabah-based OMO Result
