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 |
|||||||
Copyright Mettis Link News
34351
