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

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

Posted on: 2022-07-29T15:03:59+05:00

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