Mettis Global News
Mettis Global News
Mettis Global News
Mettis Global News

Trending :

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

OMO: SBP mops-up Rs533bn from market for 4 days
OMO: SBP mops-up Rs533bn from market for 4 days
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

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

Copyright Mettis Link News

Posted on: 2022-07-18T13:30:54+05:00

34099