OMO: SBP mops-up Rs918.5bn from market for 6 days
MG News | July 22, 2022 at 12:56 PM GMT+05:00
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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