Home Central Bank OMO: SBP injects Rs317.8bn into the market

OMO: SBP injects Rs317.8bn into the market

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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

 

 

 

 

                       

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Posted on:2022-08-26T15:49:48+05:00

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