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25 Feb 2022

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

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

The Index Today

Russia's central bank on Friday said it had provided banks with 1.9 trillion roubles ($22.87 billion) out of 3 trillion roubles on offer at a "fine-tuning", three-day repo auction.

As Russia is seeking to maintain financial stability, the central bank started beefing up the banking sector with extra liquidity and selling foreign currency on the forex market after the rouble fell to all-time lows yesterday Thursday right after Moscow sent its troops into Ukraine.