OMO: SBP mops-up Rs918.5bn from market for 6 days

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MG News | July 22, 2022 at 12:56 PM GMT+05:00

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July 22, 2022 (MLN): State Bank of Pakistan has mopped up Rs918.5 billion from the money market for 6 days at 14.9% in an open market operation (OMO) conducted today.

As per the SBP statement, 15 bids were placed by participants for repo sales ranging between 14.8% to 14.9% to raise Rs918.5bn. SBP accepted all bids.

To recall, in its last OMO on July 19, SBP mopped up Rs321.5 billion from the money market for 3 days at 14.9%.

Summary of OMO Result

 

 

Amount (Rs in Millions)

Rate (%)

Bids

Tenor

Type

Offered

Accepted

High – Low

Accepted

Offered

Accepted

6-Days

Repo (Mop-Up)

918,500

918,500

14.8–14.9

14.9

15

15

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