OMO Result: SBP injects Rs868.9bn in market

MG News | June 17, 2022 at 03:54 PM GMT+05:00

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June 16, 2022 (MLN): The State Bank of Pakistan (SBP) on Friday injected Rs868.9 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 Rs660.2 billion for 63 days at 13.83% rate of return accepted per annum. For seven days, Rs94.85mn were offered, however, no bids were accepted against seven day reverse repo injection.

The amount injected through Shariah-compliant mudaraba-based operation was Rs208.7 billion, of which Rs172.2 billion were injected for 7 days at 13.81% rate of return accepted per annum and Rs36.5 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
7-Days	Reverse Repo (Injection)	94,850	00	13.88 - 13.81	00	7	0
63-Days	Reverse Repo (Injection)	660,200	660,200	13.95 – 13.83	13.83	22	22
Total		755,050	660,200

Summary of Shariah Complaint Mudarabah Based OMO Result
		Amount (Rs in Millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Days	(Injection)	172,200	172,200	13.86 – 13.81	13.81	06	06
63-Days	(Injection)	36,500	36,500	13.91 – 13.85	13.85	03	03

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