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

Two bids of 1-day tenor amounting total of BDT 3.50 billion were received and all the bid were accepted.

The rate of interest of reverse REPO was 5.25 percent.

BBN/SSR/SI-13Mar14-11:54 pm (BST)