OMO Result: SBP injects around Rs1tr into market

The State Bank of Pakistan placed Rs1.05 trillion into the banking market through an open market operation on November 13, Mettis Global reported. Reverse repo transactions accounted for Rs854.65 billion, while Shariah-compliant Modarabah operations supplied a further Rs195.2 billion.

The reverse repo component covered seven- and 14-day tenors, with accepted rates of 12.02% and 12.06%, respectively. For the Modarabah facility, the accepted rates were 12.06% for seven days and 12.04% for 14 days. In an injection operation, the SBP lends to banks and primary dealers against eligible securities to meet liquidity needs.