30 Mar 2010 13:31

MinFin unable to place funds in bank deposits for lack of bids

MOSCOW. March 30 (Interfax) - A tender for lending operations with which temporarily free Russian budget funds would to be deposited was declared void due to a lack of bids, the Finance Ministry said on its website.

Banks were offered up to 20 billion rulbes for two weeks at a set minimum rate of 6.5% pa.