Russian central bank sells $26 billion at limitless one-day repo auction By Reuters

Russian central bank sells $26 billion at limitless one-day repo auction

Economy Mar 01, 2022 09:02

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Russian central bank sells $26 billion at limitless one-day repo auction

(Reuters) - Russia's central bank on Tuesday said it had sold 2.39 trillion roubles ($26 billion) at a "fine-tuning" one-day repo auction, as it scrambles to try and maintain some financial stability, having already hiked interest rates to 20%.

There was no limit at the one-day auction, designed to help banks with their liquidity, as sanctions over Russia's invasion of Ukraine targeted financial institutions and the rouble crashed.

($1 = 91.7400 roubles)

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