(Reuters) - The Russian central bank said on Tuesday it had provided banks with 1.2 trillion roubles ($15.61 billion) at a one-week repo, or repurchase agreement, auction at a cut-off rate of 17%.
(Reuters) – The Russian central bank said on Tuesday it had provided banks with 1.2 trillion roubles ($15.61 billion) at a one-week repo, or repurchase agreement, auction at a cut-off rate of 17%.
The central bank holds repo auctions to help banks manage liquidity at times when the financial sector is rocked by unprecedented western sanctions against Moscow.
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