Internet Edition. September 23, 2008, Updated: Bangladesh Time 12:00 AM 
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Auction results of Repo announced



BUSINESS REPORT



The Repo auction of the BB (Bangladesh Bank) for commercial banks and financial institutions was held on Sunday.

One bid of 1-day tenor, amounting to Taka 70.00 crore and 6- bids of 8-day tenor amounting to total of Taka 547.50 crore, in grand total 7-bids amounting to Taka 617.50 crore, were received and those bids were accepted.

The rate of interest of the accepted bids was 8.75 percent per annum, says a BB press release.

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