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Brazil central bank sets cutoff rate on 2nd dollar auction
RIO DE JANEIRO: Brazil's central bank on Monday set a cutoff rate of 2.1324 reais per U.S. dollar
at a second dollar
RIO DE JANEIRO: Brazil's central bank on Monday set a cutoff rate of 2.1324 reais per U.S. dollar
at a second dollar auction designed to boost liquidity in the foreign exchange market at the end of the year.
The bank is offering up to $5 billion in two separate auctions with different repurchase agreement dates: Jan. 4 and Feb. 4, 2013.
The cutoff rate for the first auction, with repurchase in January, was 2.12245 per dollar.
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