December 19, 2012 / 11:43 AM / in 5 years

Brazil real gains as central bank sells dollars

RIO DE JANEIRO, Dec 19 (Reuters) - The Brazilian real gained nearly half a percentage point early on Wednesday as the central bank conducted an auctions 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 late on Tuesday.

The real last traded at 2.0785 per dollar, 0.46 percent stronger than Tuesday’s close.

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