(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)
(Reporting by Reuters)
