RBA's Sells US$600m at USD repo auction

By Sophia Rodrigues

The Reserve Bank of Australia’s second repo auction to provide US dollars generated some demand this week compared to the week before. The RBA sold US$600 million against a maximum amount of US$10 billion versus just US$50 million sold last week.
Like the first repo, the term was 84 days but the cut-off rate this time was slightly lower at 0.32% versus 0.34% last week.