Russian central bank says to hold 500 bln rbl repo on Friday

MOSCOW, Mar 13 (PRIME) -- The Russian central bank will hold a 500 billion ruble “fine-tuning” repo on Friday, will keep a U.S. $5 billion foreign currency swap limit and will monitor the situation on the global and the domestic markets, the authority said in a statement,

“Taking into account the exchange rate and the financial asset price fluctuations earlier this week on the Russian and global financial markets and the activities of the central banks of other states, the central bank of Russia sees it necessary to hold a 500 billion ruble fine-tuning repo auction at the amount of today, on March 13, 2020,” the ruler said.

The central bank sold 3.6 billion rubles worth of foreign currency on Wednesday, it said.

The authority sees the current liquidity level of the banking sector as a sufficient one for a sustainable functioning of the Russian financial system.

(74.0274 – U.S. $1)

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