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

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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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