OMO: SBP mops-up Rs321.5bn from the market for 3 days
MG News | July 19, 2022 at 12:37 PM GMT+05:00
0:00
July 19, 2022 (MLN): State Bank of Pakistan has mopped up Rs321.5 billion from the money market for 3 days at 14.9%, in an open market operation (OMO) conducted today.
As per the SBP statement, eight bids were placed by participants for repo sale ranging between 14.8% to 14.9% to raise Rs321.5bn. SBP accepted all bids.
To recall, in yesterday’s OMO, SBP mopped up Rs533 billion from the money market for 4 days at 14.9%.
|
Summary of OMO Result |
|||||||
|
|
|
Amount (Rs in Millions) |
Rate (%) |
Bids |
|||
|
Tenor |
Type |
Offered |
Accepted |
High – Low |
Accepted |
Offered |
Accepted |
|
3-Days |
Repo (Mop-Up) |
321,500 |
321,500 |
14.8–14.9 |
14.9 |
08 |
08 |
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