MOSCOW (Reuters) – Russia’s central bank on Tuesday said it had raised a total of 3.06 trillion roubles ($48.65 billion) at a one-week deposit auction.
The Bank of Russia conducts weekly deposit auctions to manage aggregate liquidity and temporarily absorb excessive funds from credit institutions under a structural liquidity surplus.
Government debt and liquidity auctions have seen record volumes of late.
($1 = 62.9000 roubles)
(Reporting by Reuters)
