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

Three bids of 1-day tenor amounting total of BDT 16.40 billion were received and all the bids were accepted. The rate of interest of reverse REPO was 5.25 percent, according to the auction result.

BBN/SSR/AD-29Oct13-11:55 am (BST)