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.

The rate of interest of special REPO was 10.25 percent, according to the auction result.

BBN/SSR/AD-04Mar14-10:04 am (BST)