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Russian central bank says to reduce limits for repo auctions to 1 trln rbls – Metro US

Russian central bank says to reduce limits for repo auctions to 1 trln rbls

FILE PHOTO: People walk past the headquarters of Russia’s Central
FILE PHOTO: People walk past the headquarters of Russia’s Central Bank in Moscow

(Reuters) – The Russian central bank said on Monday it would reduce the limits on repo auctions and deposit auctions for “fine-tuning” to 1 trillion roubles ($8.9 billion) from the previous threshold of 3 trillion roubles starting from March 16.

The bank also said it would hold a repo auction on Tuesday.

($1 = 113.0000 roubles)

(Reporting by Reuters)

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