MOSCOW (Reuters) – Russia’s central bank said on Tuesday that retail foreign currency deposits dropped to a historical low by the start of the fourth quarter, while cash outflow from the banking system had almost stopped by the end of October.
Increased demand at the central bank’s recent REPO auction was due to some banks’ “temporary” issues with managing liquidity, but the increase in the REPO limits should help to stabilise situation, it added.
(Reporting by Elena Fabrichnaya; writing by Polina Devitt; editing by Alex Richardson)
