Bangladesh Bank withdraws BDT10.70bn from market Monday

Last updated: August 5, 2014

Dhaka, Bangladesh (BBN)- The Bangladesh Bank (BB) withdrew BDT 10.6980 billion from the market through its 30-day bills and reverse REPO auctions on Monday, officials said.
 Five bids of 1-day tenor amounting to BDT 5.65 billion was received and all the bids were accepted. The rate of interest of reverse repo was 5.25 percent.
Five bids amounting total of BDT 5.0480 billion were offered and all bids were accepted. The rate of weighted average yield of the accepted bid was 5.25 percent.
On the other hand, the central bank injected BDT 4.14 billion in the market through assured liquidity support on the same day, a BB official said.
Two primary dealers (PDs) and non-PD banks of 1-day tenor amounting total of BDT 4.1428 billion were provided as Liquidity Support Facility. The rate of interest of the Liquidity Support Facility was 7.25 percent.

BBN/SSR/AD-05Aug11:50 pm (BST)

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