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

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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