OMO: SBP injects Rs1.24tr into the market for 63 days

MG News | July 29, 2022 at 03:03 PM GMT+05:00

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July 29, 2022 (MLN): State Bank of Pakistan on Friday injected Rs1.24 trillion 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 Rs1.16tr for 63 days at a 15.09% rate of return accepted per annum. Out of 30 bids received to raise Rs1.19tr, SBP accepted 28 bids worth Rs1.16tr.

The amount injected through Shariah-compliant mudaraba-based operation was Rs74 billion for 63 days at a 15.09% rate of return accepted per annum. 6 bids have been received to raise Rs91bn, of which SBP accepted 4 bids.

Summary of OMO Result
				Amount (Rs in Millions)				Rate (%)				Bids
Tenor	Type			Offered		Accepted		High – Low		Accepted		Offered		Accepted
63-Days	Reverse-Repo (Injection)			1,194,750		1,166,950		15.07–15.26		15.09		30		28
Summary of Shariah Complaint Mudarabah Based OMO Result
			Amount (Rs in Millions)				Rate (%)				Bids
Tenor		Type	Offered		Accepted		High – Low		Accepted		Offered		Accepted
63-Days		Reverse-Repo (Injection)	91,000		74,000		15.08 – 15.15		15.09		06		04