The Russian central bank injected 0.37 billion roubles ($15.67 million) of one-day funds into the banking system at a rate of 7.04 percent in its first repo auction of the day on Monday.

The bank said on Friday it will raise the floor for its key repo rate <RUBCBREP=&gt; to 7.00 percent from 6.75 percent from July 14. Following are results of the latest auctions, provided by the central bank on its Web site (www.cbr.ru): Date July 14 July 11 Session 1st 1st Amount (bln rbls) 0.37 0.45 Average rate 7.04 6.79

NOTE - For details of central bank repo tenders click here <RUBCBREP=&gt;.

($1=23.43 Rouble) ($1=23.61 Rouble)

Source: http://www.afxnews.com

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