OMO: SBP mops-up Rs321.5bn from the market for 3 days

MG News | July 19, 2022 at 12:37 PM GMT+05:00

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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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