OMO Result: SBP injects Rs868.9bn in market

OMO Result: SBP injects Rs868.9bn in market
OMO Result: SBP injects Rs868.9bn in market

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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Posted on: 2022-06-17T15:54:34+05:00

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