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Russian central bank raises limit for Friday’s repo auction to 3 trln rbls -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – A guard stands at the entrance of the Bank of Russia in Moscow (Russia), June 15, 2015. REUTERS/Maxim Zmeyev

MOSCOW, Reuters – The Russian central banking said on Friday it would raise the limit at a later repo auction to 3 trillion roubles ($35.55billion), from 2 trillion roubles. This is to ensure stability on financial markets.

The central bank increased liquidity in the banking sector and began to trade foreign currencies on the forex market. This was after the rouble plunged to an all-time low on Thursday following the invasion of Ukraine by Moscow.

($1 = 84.3820 roubles)

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