September 9, 2022 (MLN): State Bank of Pakistan (SBP), on Friday, injected Rs381.2 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 Rs306.2bn of which Rs65.6bn was for 7 days and Rs240.6bn was for 63 days at a 5.15% rate of return.
Meanwhile, the amount injected through Shariah-compliant mudaraba-based operation was Rs75bn, of which Rs5bn was for 7 days at 15.15% return and Rs70bn was for 63 days at the rate of 15.2%.
SBP accepted all 25 bids that were placed by participants for reverse repo purchase to raise Rs306.2bn. while 5 bids worth Rs75bn were placed for Shariah-compliant mudaraba-based operation.
Summary of OMO Result
Amount (Rs in Millions)
Rate (%)
Bids
Tenor
Type
Offered
Accepted
High – Low
Accepted
Offered
Accepted
7-Days
Reverse-Repo (Injection)
65,600
65,600
15.15–15.24
15.15
08
08
63-Days
Reverse-Repo (Injection)
240,600
240,600
15.15–15.28
15.15
17
17
Total
306,200
306,200
Summary of Shariah Complaint Mudarabah Based OMO Result
