Dhaka, Bangladesh (BBN)- The government borrowed BDT 4.0 billion on Sunday through auctions of treasury bills. It will result in withdrawal of Tk 4.0 billion from the market in the week.

The central bank conducted auctions of 91-day and 364-day bills on the day.

Bidders offered bids for BDT 8.383 billion and BDT 4.521 billion against 91-day and 364-day bills respectively, the central bank of Bangladesh said.

The central bank, however, accepted BDT 2.5 billion and BDT 1.50 billion against respectively 91-day and 364-day bills.

The rates of the implicit yield against the accepted bills were 3.72-3.84 per cent and 5.80-5.99 per cent per cent per annum respectively.

BBN/SS/SSR/AD-15June09-1:58 am (BST)