Islamabad, Oct 25: SBP Infuses Over Rs. 4.25 Trillion into the Market. Through reverse repo purchases and Shariah-compliant Mudarabah-based Open Market Operations (OMO), the State Bank of Pakistan (SBP) contributed Rs4,255.9 billion to the market on Friday.
The SBP carried out Open Market Operation, Reverse Repo Purchase (Injection) on October 25, 2024, for 7-day and 28-day tenors, and accepted a total of 27 bids totaling Rs4,232.9 billion, according to OMO results released here.
A total of 27 bids totaling Rs4,232.9 billion at a rate of return ranging from 17.56 to 17.62 percent were received by the central bank for the 7-day tenor, while no bid was received for the 28-day tenor. The total sum offered by the 27 bids for a 7-day tenor at a rate of return of 17.56% was accepted by the central bank.
For the 7-day and 28-day tenors, SBP also carried out Shariah-compliant Mudarabah-based Open Market Operations. For the 7-day tenor, they got only one offer, which was for Rs23 billion at a 17.60% rate of return. The quoted rate was accepted by the central bank.
