Bangladesh Bank withdraws BDT29.59bn from market

Last updated: May 9, 2014

Dhaka, Bangladesh (BBN)- The Bangladesh Bank (BB) withdrew BDT29.59 billion from the market through its 30-day bills and reverse repo auction on Thursday, officials said.
 

Six bids of 30-day BB bills amounting total of BDT 7.24 billion were offered and all bids were accepted. The rate of weighted average yield of the accepted bid was 6.65 percent.
 

Besides, seven bids of 3-day tenor amounting total of BDT 22.35 billion were received and all the bids of reverse REPO were accepted. The rate of interest of reverse REPO was 5.25 percent.
 

On the other hand, only one bid of 3-day tenor amounting to BDT 910 million was received as special REPO and bid of 3-day tenor amounting to BDT 500 million was accepted. The rate of interest of special REPO was 10.25 percent.
 

BBN/SSR/AD-09May14-11:45 am (BST)

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