Russian C.Bank Sells 550 Billion Roubles At One-Week Repo Auction

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Russia’s central bank provided banks with all 550 billion roubles ($7.99 billion) on offer at a one-week repo auction on Wednesday, facing demand of 1.3 trillion roubles, in a move to help lending institutions manage their liquidity.

The cut-off rate was set at 14.15%.

($1 = 68.845 roubles)

-REUTERS

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