Russian central bank says sells $22 billion at “fine-tuning” repo auction

Russia’s central bank on Tuesday said it had provided banks with 2.44 trillion roubles ($21.98 billion) at a “fine-tuning” one-day repo auction, as it seeks to help lending institutions manage their liquidity.

The limit at the auction was 3 trillion roubles. The central bank will reduce the limits on repo auctions and deposit auctions for “fine-tuning” to 1 trillion roubles starting from Wednesday.

($1 = 111.0170 roubles)