Sbp Injects 454.6bn Rs into Market Through OMOs
Published on: December 6, 2023.
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The State Bank of Pakistan (SBP) recently took steps to provide liquidity support in the market. On December 5, 2023, the SBP conducted two Open Market Operations (OMOs), injecting a total of Rs454.6 billion into the market.
One of the OMOs was a reverse repo operation, where the SBP accepted bids worth Rs434.6 billion from 14 participants. The average rate for this operation was 22.11%, with the highest accepted rate being 22.21% and the lowest being 22.06%. The tenor for this operation was three days.
In addition to the reverse repo OMO, the SBP also carried out a Shariah-compliant Modarabah-based OMO. In this operation, the SBP accepted a single bid worth Rs20 billion at a rate of 22.11% for a tenor of three days.
These OMOs are part of the SBP’s efforts to manage the money supply and interest rates in the economy as part of its monetary policy measures.
Here are the summary tables of the OMO results:
Amount (Rs in Million) Rate (%) Quotes Tenor Type
Offered Accepted High – Low Accepted Offered Accepted
03-Day Reverse Repo (Injection) 469,450 434,600 22.21 – 22.06 22.11 14 09
Total 469,450 434,600
These measures taken by the SBP are crucial in maintaining liquidity and managing interest rates in the market. By injecting a significant amount of funds, the SBP aims to ensure stability and support economic growth.
Source: [Source](https://profit.pakistantoday.com.pk)
