Russian Treasury places 31.1 bln rubles in 28-day deposits at 6.3%

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Russian Treasury places 31.1 bln rubles in 28-day deposits at 6.3%

MOSCOW. Nov 22 (Interfax) - The Russian Federal Treasury on Thursday placed 31.089 billion rubles of temporarily idle federal budget funds in 28-day bank deposits (until December 21) at a weighted average rate of 6.3% per annum on the Moscow Exchange.

The Treasury reported that five banks submitted applications to place the cash in their deposits. Combined, the applications totaled 31.089 billion rubles, with the limit set at 40 billion rubles.

In their applications, the banks indicated rates that coincided with the established minimum of 6.3%.

All of the applications will be satisfied.