Bangladesh Bank (BB) has asked all commercial banks to relax the opening margin rate of Letter of Credit (LC) against the import of lubricants to support power generation of the country.

Banking Regulation and Policy Department (BRPD) of the central bank issued a circular in this regard on Thursday.

The circular stated that the LC margin can be relaxed for lubricants as well as the goods required for its production to keep the market supply normal, industrial activities running and power generation uninterrupted.