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RIO DE JANEIRO, Dec 28 (Reuters) - The Brazilian real was little changed early Friday as the central bank conducted an auction to sell as much as $2 billion on the spot market with repurchase agreement.
The operation, which aims at providing liquidity to the foreign exchange market at year-end, was announced on Thursday. The bank did not say how much it sold, but it announced a cutoff rate of 2.059210 reais per dollar for the auction.
The real last traded at 2.0455 per dollar, 0.1 percent weaker than Thursday's close.