OMO Result: SBP injects Rs843.35bn

April 28, 2023 (MLN):  The State Bank of Pakistan (SBP) conducted an Open Market Operation (OMO), and Shariah-compliant Mudarabah OMO today, in which it cumulatively injected a total of Rs843.35 billion into the market, from which Rs608.35bn injected into the market under reverse repo.




Summary of OMO Result






 


 


Amount (Rs in millions)


Rate (%)


Bids




Tenor


Type


Offered


Accepted


High – Low


Accepted


Offered


Accepted



7-Day
Reverse Repo (Inject)
108,500
108,500
21.20 – 21.10
21.10
5
5



70-Day


Reverse Repo (Inject)

499,850
499,850
21.25 – 21.06
21.06

19


19




Total

608,350
608,350

 




Moreover, SBP also conducted Shariah-compliant Mudarabah OMO today, in which it injected Rs235bn into the market.




Summary of Shariah-Compliant Mudarabah-based OMO Result






 


 


Amount (Rs in Millions)


Rate (%)


Quotes




Tenor


Type


Offered


Accepted


High – Low


Accepted


Offered


Accepted



7-Day
Shariah Compliant (Injection)
22,000
22,000
21.18 – 21.11
21.11
3
3



70-Day


Shariah Compliant (Injection)

213,000
213,000
21.20– 21.15
21.15

4


4




Total

235,000
235,000

 




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Posted on: 2023-04-28T15:19:18+05:00
The post OMO Result: SBP injects Rs843.35bn appeared first on Mettis Global Link .