UPDATE 2-U.S. overnight repo rates fall as new quarter begins

April 1, 2015 8:16 PM

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* U.S. fed funds rate averaged 0.06 pct Tuesday (Updates market action, adds money fund flow data)

NEW YORK, April 1 (Reuters) - U.S. interest rates on overnight loans for banks and bond dealers fell on Wednesday as investors resumed lending at the start of the second quarter after limiting their exposure earlier this week.

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