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

By MG News | June 24, 2022 at 04:02 PM GMT+05:00

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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.

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