Shariah Compliant OMO: SBP injects Rs595.7bn for 7 and 63 days

MG News | June 03, 2022 at 03:00 PM GMT+05:00

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June 03, 2022 (MLN): The State Bank of Pakistan (SBP) conducted two Shariah Compliant Mudarabah based Open Market Operation (OMO) today, in which it injected Rs300.7 billion and 295 billion into the market for 7 days and 63 days at 13.81% and 13.87%, respectively, taking it to Rs595.7bn.

Summary of Shariah Compliant Mudarabah based OMO Result
		Amount (Rs in Millions)		Rate (%)		Bids
Tenor	Type	Offered	Accepted	High – Low	Accepted	Offered	Accepted
7-Days	Reverse Repo (Injection)	300,700.00	300,700.00	13.90 – 13.81	13.81	08	08
63-Days	Reverse Repo (Injection)	295,000.00	295,000.00	13.88 – 13.87	13.87	03	03
Total		595,700.00	595,700.00

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