Russian central bank sells all $26.7 billion at one-week repo auction

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Published: Mar 15, 2022, 10:51 GMT+00:00

(Reuters) - Russia's central bank provided banks with all 3 trillion roubles ($26.73 billion) at a one-week repo auction on Tuesday, facing demand of 4.84 trillion roubles, as lending institutions scramble to manage their liquidity amid collapsing Russian markets.

A Russian state flag flies over the Central Bank headquarters in Moscow

(Reuters) – Russia’s central bank provided banks with all 3 trillion roubles ($26.73 billion) at a one-week repo auction on Tuesday, facing demand of 4.84 trillion roubles, as lending institutions scramble to manage their liquidity amid collapsing Russian markets.

The auction’s limit was set at 3 trillion roubles.

The bank also said it had raised 1.5 trillion roubles at a one-day deposit auction.

($1 = 112.2470 roubles)

(Reporting by Reuters)

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