December 20, 2012 / 5:15 PM / 5 years ago

Brazil central bank to sell up to $2 bln on Friday

SAO PAULO, Dec 20 (Reuters) - Brazil’s central bank said on Thursday it will sell up to $2 billion on the spot market with repurchase agreements, a strategy designed to provide liquidity to the foreign exchange market.

The bank said in a statement it will conduct one auction on Friday to sell U.S. dollars with a repurchase date set for March 1, 2013. The real added to gains after the announcement and traded 0.63 percent stronger at 2.0562 per U.S. dollar.

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