OMO: SBP injects Rs703.85bn into the market

Share on whatsapp
Share on facebook
Share on twitter
Share on linkedin

August 12, 2022 (MLN): State Bank of Pakistan on Friday injected Rs703.85 billion into the money market through reverse repo purchase.

Of the total Rs703.85bn, SBP injected Rs545.95bn for 63 days and Rs157.9bn for 7 days at a 15.11% rate of return accepted per annum.

As per the SBP statement, twenty-three bids were placed by participants for a 63-day injection ranging between 15.2% to 15.1% to raise Rs587bn. However, SBP accepted 19 bids worth Rs545.95bn. While for a 7-day injection, SBP received 11 bids worth Rs222.4bn, of which SBP accepted only 8 bids.

Summary of OMO Result

 

 

Amount (Rs in Millions)

Rate (%)

Bids

Tenor

Type

Offered

Accepted

High – Low

Accepted

Offered

Accepted

63-Days

Reverse-Repo (Injection)

587,850

545,950

15.1–15.2

15.11

23

19

7-Days

Reverse-Repo (Injection)

222,400

157,900

15.1–15.18

15.11

11

08

Posted on:2022-08-12T14:38:35+05:00

34559

$2.88 billion

Pakistan's merchandise trade deficit for the month of November

Loading poll …