FE Report

The government borrowed Tk 4.0 billion ( 400 crore) Sunday through auctions of treasury bills. It will result in withdrawal of Tk 4.0 billion from the market in the week.

The central bank conducted auctions of 91-day and 364-day bills on the day.

Bidders offered bids for Tk 8.383 billion and Tk 4.521 billion against 91-day and 364-day bills respectively.

The central bank, however, accepted Tk 2.5 billion and Tk 1.50 billion against respectively 91-day and 364-day bills.

The rates of the implicit yield against the accepted bills were 3.72-3.84 per cent and 5.80-5.99 per cent per cent per annum respectively.

The net outflow of cash from the market is expected to increase pressure on liquidity, the fund managers said.