OMO Result: SBP injects Rs924.3bn via reverse repo purchase, Shariah Compliant Mudarabah

MG News | June 10, 2022 at 02:48 PM GMT+05:00

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June 10, 2022 (MLN): State Bank of Pakistan on Friday injected Rs924.3 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 Rs650.2 billion; of which Rs407.7 billion were injected for seven days at 13.81% rate of return accepted per annum and Rs242.5 billion for 63 days at 13.83% rate of return accepted per annum.

The amount injected through Shariah-compliant mudaraba-based operation was Rs274.1 billion, of which Rs268 billion were injected for 7 days at 13.81% rate of return accepted per annum and Rs6.1 billion were for 63 days at a rate of return of 13.83% 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)	407,700	407,700	13.9 – 13.81	13.81	16	16
63-Days	Reverse Repo (Injection)	242,500	242,500	13.95-13.83	13.83	23	23

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)	268,000	268,000	13.86 – 13.81	13.81	07	07
63-Days	(Injection)	6,100	6,100	13.89 – 13.88	13.88	02	02

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