Russian banks bid 7 bln rbl at central bank's 1-year repo auction

MOSCOW, Apr 18 (PRIME) -- The Russian banks bid 7.04 billion rubles at a central bank’s auction for 100 billion rubles of 1-year repo deals, the authority said in a statement on Monday.

The cut-off rate and the weighted average amounted to 17.25% annually.

The money will be placed on Wednesday and returned on April 19, 2023.

(80.0437 rubles – U.S. $1)

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