Russian central bank sells all $26.7 billion at one-week repo auction

(Reuters) – Russia’s central bank provided banks with all 3 trillion roubles ($26.73 billion) at a one-week repo auction on Tuesday, facing demand of 4.84 trillion roubles, as lending institutions scramble to manage their liquidity amid collapsing Russian markets.

The auction’s limit was set at 3 trillion roubles.

The bank also said it had raised 1.5 trillion roubles at a one-day deposit auction.

($1 = 112.2470 roubles)

(Reporting by Reuters)