Bangladesh Bank withdraws BDT 40.16bn from market

Dhaka, Bangladesh (BBN)- The Bangladesh Bank (BB) withdrew BDT 40.16 billion from the market through reverse REPO auction on Tuesday, officials said.

Four bids of 1-day tenor amounting total of BDT 40.16 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 300 million in the market through special REPO auction 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. The rate of interest of special REPO was 10.25 percent.

BBN/SSR/AD-09JUly14-12:22 pm (BST)

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