7 Feb 2013 18:10

Russian Treasury places 2.06 bln rubles in bank deposits at 5.73%

MOSCOW. Feb 7 (Interfax) - The Russian Federal Treasury on Thursday placed 2.062 billion rubles of idle federal budget funds in seven-day bank deposits at a weighted average rate of 5.73% per annum, the Treasury reported.

One bank applied to place 2.062 billion rubles out of the limit of 20 billion rubles on the St. Petersburg Currency Exchange in closed form.

In its application, the bank indicated a rate range of 5.6%-5.8%, with the minimum rate set at 5.6%. The cut-off rate was set at the minimum rate.

These funds will be located in the deposits until February 15.