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
