UPDATE 1-Russia's cenbank: FX repo rate rise not aimed at limiting rouble growth

April 20, 2015 2:44 PM

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MOSCOW, April 20 (Reuters) - Russia's central bank said on Monday its decision to raise rates for foreign exchange repos was not aimed at limiting rouble strength but prompted by a "normalisation" of the market and a reduced threat to financial stability.

The rouble fell earlier on Monday after the central bank said it was raising the rate at which it lends foreign currency to banks through repo auctions, its second such move this month.

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