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
