Dhaka, Bangladesh (BBN)- The Bangladesh Bank (BB) withdrew BDT14.08 billion from the market through reverse REPO auction on Monday, officials said.
Four bids of 1-day tenor amounting total of BDT 14.08 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 3.70 billion in the market through special REPO auction and assured liquidity support to the banks on the same day.
One bid of 1-day tenor amounting to BDT 500 million was received as special REPO and bid of 1-day tenor amounting to BDT 300 million was accepted.
Moreover, six primary dealers (PD) and non-PD banks of 1-day tenor amounting total of BDT 3.3963 billion were provided as liquidity support facility.
The rate of interest of special REPO was 10.25 percent but for the liquidity support facility the rate of interest was 7.25 percent.
BBN/SSR/AD-15July14-10:44 am (BST)