OMO: SBP mops-up Rs533bn from market for 4 days

MG News | July 18, 2022 at 01:30 PM GMT+05:00

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July 18, 2022 (MLN): State Bank of Pakistan has mopped up Rs533 billion from the money market for 4 days at 14.9% in an open market operation (OMO) conducted today.

As per the SBP statement, ten bids were placed by participants for repo sale ranging between 14.5% to 15% to raise Rs543 billion, however, SBP accepted nine bids worth Rs533 billion.

To recall, in the last OMO, SBP injected Rs1.2 trillion into the money market through reverse repo purchase and Shariah-compliant mudarabah-based open market operation.

Summary of OMO Result
		Amount (Rs in Millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
4-Days	MOP-UP	543,000	533,000	14.5–15	14.9	10	9

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