Dhaka, Bangladesh (BBN)- The REPO auction of Bangladesh Bank for commercial banks and financial institutions was held on Monday, officials said.

One bid of 1-day tenor amounting to BDT 880 million was received as special REPO and bid of 1-day tenor amounting to BDT 500 million was accepted.

Moreover, eight primary dealers (PDs) and non-PD banks of 1-day tenor amounting to BDT 11.7813 billion was 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-18Feb14-9:15 pm (BST)