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

Four bids of 1-day tenor amounting total of BDT 7.48 billion were received and all the bids were accepted.

The rate of interest of reverse REPO was 3.50 percent per annum.

BBN/AD/SI-24Oct10-10:32 am (BST)