RBA's Sells US$600m at USD repo auction
By Sophia Rodrigues
Published On 02 Apr 2020 , 04:02 PMThe Reserve Bank of Australia’s second repo auction to provide US dollars generated some demand this week compared to the week before. The RBA sold US$600 million against a maximum amount of US$10 billion versus just US$50 million sold last week.
Like the first repo, the term was 84 days but the cut-off rate this time was slightly lower at 0.32% versus 0.34% last week.
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