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

OMO Result: SBP injects Rs924.3bn via reverse repo purchase
OMO Result: SBP injects Rs924.3bn via reverse repo purchase

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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Posted on: 2022-06-10T14:48:44+05:00

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