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Russian central bank provides banks with $23 billion at 3-day repo auction -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: An officer stands guard outside the Bank of Russia’s main entrance in Moscow, Russia on June 15, 2015. REUTERS/Maxim Zmeyev

MOSCOW, Reuters – Russia’s central banks said on Friday it has provided banks with 1.9 billion roubles (22.87 Billion), out of the 3 trillion roubles available at a 3-day repo auction.

The central bank sought to preserve financial stability and began to increase liquidity in the banking sector. It also started selling foreign currency on forex markets after the rouble plunged to an all-time low on Thursday, after Moscow invaded Ukraine.

($1 = 83.0650 roubles)

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