August 26, 2022 (MLN): State Bank of Pakistan (SBP), on Friday, injected Rs317.8 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 Rs241.8bn of which Rs68.25bn was for 3 days and Rs173.5bn was for 63 days at a 5.14% rate of return.
While, the amount injected through Shariah-compliant mudaraba-based operation was Rs76bn, of which Rs69bn was for 7 days at 15.14% return and Rs7bn was for 63 days at the rate of 15.2%.
A total of 23 bids were placed by participants for reverse repo purchase to raise Rs473.7bn. However, SBP accepted of which 6 bids worth Rs68.25bn for 7 days injection and 12 bids worth Rs173.55bn for 63 days.
For Shariah-compliant mudarabah-based OMO, SBP received a total of 8 bids to raise Rs98bn. Of the 8 bids, 7 bids worth Rs91bn were for 7 days injection while 1 bid worth Rs7bn was for 63 days. SBP accepted a single bid for 63 days while for 7 days injection, the central bank accepted 4 bids out of 7.
Summary of OMO Result |
|
||||||||||
|
|
Amount (Rs in Millions) |
Rate (%) |
Bids |
|
||||||
Tenor |
Type |
Offered |
Accepted |
High – Low |
Accepted |
Offered |
Accepted |
|
|||
7-Days |
Reverse-Repo (Injection) |
150,150 |
68,250 |
15.12–15.3 |
15.14 |
09 |
06 |
|
|||
63-Days |
Reverse-Repo (Injection) |
323,550 |
173,550 |
15.13–15.17 |
15.14 |
14 |
12 |
|
|||
Total |
|
473,700 |
241,800 |
|
|
|
|
|
|||
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 |
Reverse-Repo (Injection) |
91,000 |
69,000 |
15.11–15.2 |
15.14 |
07 |
04 |
||||
63-Days |
Reverse-Repo (Injection) |
7,000 |
7,000 |
15.2–15.2 |
15.20 |
01 |
01 |
||||
Total |
|
98,000 |
76,000 |
|
|
|
|
||||
Copyright Mettis Link News
Posted on:2022-08-26T15:49:48+05:00
34799