Latest News

Russian central bank to continue offering up to 3 trln roubles at one-day repo auctions

© Reuters. FILE PHOTO: An exterior view shows Russia’s Central Bank headquarters in Moscow, Russia March 29, 2021. A sign reads: “Bank of Russia”. REUTERS/Maxim Shemetov

(Reuters) – The Russian central bank said on Tuesday it would continue offering funds of up to 3 trillion roubles ($28.30 billion) a day at “fine-tuning” one-day repo auctions after strong demand for liquidity at its one-week repo auction.

The central bank, which seeks to help lending institutions manage their liquidity, had earlier planned to reduce the limits on repo auctions for “fine-tuning” to 1 trillion roubles starting from Wednesday.

The limit at the one-day deposit auction on Wednesday will be 1 trillion roubles, the central bank said on Tuesday.

($1 = 106.0000 roubles)

Russian central bank to continue offering up to 3 trln roubles at one-day repo auctions

Disclaimer:Fusion Mediawould like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

What's your reaction?

In Love
Not Sure

You may also like

Leave a reply

Your email address will not be published. Required fields are marked *

More in:Latest News