Bangladesh Bank withdraws BDT 25.73bn from market

Last updated: May 31, 2014

Dhaka, Bangladesh (BBN)- The Bangladesh Bank (BB) withdrew BDT 25.73 billion from the market on Thursday through its 30-day bills and reverse REPO auction, officials said.

Three bids amounting total of BDT 2.75 billion were offered and all bids were accepted for 30-day BB bills. The rate of weighted average yield of the accepted bid was 6.37 percent.

Besides, five bids of 3-day tenor amounting total of BDT 22.98 billion were received and all the bids were accepted. The rate of interest of reverse REPO was 5.25 percent.

On the other hand, the central bank injected BDT 500 million through special REPO auction on the same day.

One bid of 3-day tenor amounting to BDT 920 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-01June14-12:30 am (BST)

Bangladesh Business News
BBN is the country's oldest Business News and Analysis platform, run by veteran business journalist and analyst that you can rely upon.
© Copyright 2024 - BBN - All Rights Reserved
linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram