UPDATE 3-Rouble down 3.4 pct vs dollar after cbank raises forex repo rates

April 20, 2015 1:10 PM

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MOSCOW, April 20 (Reuters) - The rouble reversed early gains 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.

At 1305 GMT, the rouble was around 3.4 percent weaker against the dollar at 53.66 after opening some 0.9 percent higher. The rouble also was down 2.9 percent to trade at 57.70 versus the euro.

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