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

Fourteen bids of 1-day tenor amounting total of BDT 336.4582 billion were received. Of those, all bids amounting total of BDT 22.0193 billion were accepted.

One bid of 7-day tenor amounting to BDT 150 million was received as special REPO and the bid was accepted.

Moreover, 13 primary dealers of 1-day tenor amounting total of BDT 53.1658 billion were provided as Liquidity Support Facility. The rate of interest both of REPO and Liquidity Support Facility was 6.75 percent per annum but for the special REPO the interest rate was 8.80 percent.

BBN/SSR/AD-03Aug11-11:48 am (BST)