Dhaka, Bangladesh (BBN) – The reverse REPO auction for commercial banks and financial institutions was held at Bangladesh Bank on Tuesday, officials said.

Five bids of 1-day tenor amounting total of BDT 24.36 billion were received and all the bids were accepted. The rate of interest of reverse REPO was 3.50 percent per annum.

BBN/SSR/AD-02Nov10-10:19 pm (BST)