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.
