June 24, 2022 (MLN): State Bank of Pakistan on Friday injected Rs591.7 billion into the money market through reverse repo purchase and Shariah-compliant mudarabah-based open market operation.
As per the SBP statement, through reverse repo purchase operation, the injected amount was Rs402.2 billion for 77 days at a 13.84% rate of return accepted per annum, while no bids were received for the 6-day injection.
The amount injected through Shariah-compliant mudaraba-based operation was Rs189.5 billion, of which Rs100 billion were injected for 6 days at 13.81% rate of return accepted per annum and Rs89.5 billion were for 63 days at a rate of return of 13.85% per annum.
|
Summary of OMO Result |
|||||||
|
 |
 |
Amount (Rs in Millions) |
Rate (%) |
Bids |
|||
|
Tenor |
Type |
Offered |
Accepted |
High – Low |
Accepted |
Offered |
Accepted |
|
6-Days |
Reverse Repo (Injection) |
No bids received |
No bids received |
– |
– |
– |
– |
|
77-Days |
Reverse Repo (Injection) |
402,200 |
402,200 |
13.95-13.84 |
13.84 |
16 |
16 |
Â
|
Summary of Shariah Complaint Mudarabah Based OMO Result |
|||||||
|
 |
 |
Amount (Rs in Millions) |
Rate (%) |
Bids |
|||
|
Tenor |
Type |
Offered |
Accepted |
High – Low |
Accepted |
Offered |
Accepted |
|
6-Days |
 (Injection) |
136,000 |
100,000 |
13.85 – 13.81 |
13.81* |
04 |
04 |
|
77-Days |
(Injection) |
89,500 |
89,500 |
13.90 – 13.85 |
13.85 |
03 |
03 |
*Total amount offered at 13.81% was R.s. 98,000.00 Mio, out of which SBP accepted R.s. 62,000.00 Mio on a pro-rata basis.
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