December 19, 2012 / 8:16 PM / 5 years ago

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

SAO PAULO, Dec 19 (Reuters) - Brazil’s central bank said on Wednesday it will sell as much as $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 Thursday to sell U.S. dollars with a repurchase date set for March 1, 2013.

The announcement came after Brazil’s currency market had closed. The real ended at 2.0690 per dollar, or 0.9 percent firmer on the day.

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