Brazil central bank starts auctions to sell dollars
RIO DE JANEIRO
RIO DE JANEIRO Dec 12 (Reuters) - Brazil's central bank said on Wednesday it had started two previously announced auctions to sell as much as $1.5 billion on the spot market with repurchase agreement.
The bank set a cutoff rate of 2.088700 reais per dollar to the first auction, with repurchase date set to Jan. 14. Details on the second auction should be announced shortly.