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Russian central bank to suspend daily fine-tuning auctions from April 6

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The Russian central bank said on Monday it will hold a one-week repo, or repurchase agreement, auction on Tuesday before returning to standard monetary policy instruments from Wednesday.

The central bank said it will not hold “fine-tuning” repo and deposit auctions on a daily basis from April 6 as the situation with liquidity is gradually stabilizing. (Reporting by Reuters)