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

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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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