Brazil exchange rate to be more stable -central bank director

BRASILIA Thu Dec 20, 2012 9:59am EST

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BRASILIA Dec 20 (Reuters) - Brazil's central bank expects a more stable exchange rate for the country's currency than in the previous 12 to 15 months, central bank board member Carlos Hamilton Araujo said on Thursday.

At 12:52 p.m. (1452 GMT), Brazil's currency, the real , was trading 0.27 percent stronger at 2.0636 per U.S. dollar.

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