Dhaka, Bangladesh (BBN) - The REPO auction of Bangladesh Bank for commercial banks and financial institutions was held on Tuesday, officials said.
Eleven bids of 1-day tenor amounting total of BDT 318.6535 billion were received. Of those, all bids amounting total of BDT 4.0150 billion were accepted.
One bid of 1-day tenor amounting to BDT 1.06 billion was received as special REPO. Of those, 1 bid of 1-day tenor amounting to BDT 500 million was accepted, according to the auction result.
Moreover, 13 primary dealers of 1-day tenor amounting total of BDT 40.4945 billion were provided as Liquidity Support Facility. The rate of interest both of REPO and Liquidity Support Facility was 7.25 percent but for the special REPO the rate of interest was 9.25 percent.
BBN/SSR/AD-26Oct11-9:45 pm (BST)