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

Moreover, 10 PD (primary dealer) and non-PD banks of 1-day tenor amounting total of BDT 16.3076 billion were 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-08Apr14-1:18pm (BST)