Dhaka, Bangladesh (BBN) - The repurchase agreement (REPO) auction of Bangladesh Bank for commercial banks and financial institutions was held on Tuesday, officials said.
Five bids of 1-day tenor amounting total of BDT171.1814 billion were received but no bid was accepted, according to the auction result.
Twelve bids of 1-day tenor amounting total of BDT 56.09 billion were received as special REPO. Of those, 12 bids of 1-day tenor amounting total of BDT 6.0 billion were accepted.
Moreover, 13 primary dealers of 1-day tenor amounting total of BDT 48.0111 billion were provided as liquidity support facility.
The rate of interest of liquidity support facility was 7.25 percent but for the special REPO the rate of interest was 9.25 percent.
BBN/SSR/AD-14Dec11-11:05 am (BST)