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OMO Result: SBP injects Rs591.7 billion into the market

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

 

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.

Copyright Mettis Link News

 

Posted on: 2022-06-24T16:02:50+05:00

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