Dhaka, Bangladesh (BBN)- The Reverse repurchase agreement (REPO) auction for commercial banks and financial institutions was held at Bangladesh Bank on Tuesday, officials said.
Three bids of 1-day tenor amounting total of BDT 4.0 billion were received. Of those, three bids amounting total of BDT 2.0 billion were accepted, according to the auction result.
“The rate of interest of Reverse REPO was 3.50 percent per annum,” a central bank press statement said.
BBN/SI/AD-14Sept10-6:09 pm (BST)
