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Russian central bank sells 600 bln roubles at one-month repo auction

MOSCOW, Oct 12 (Reuters) - The Russian central bank said on Monday it had sold 600 billion roubles ($7.8 billion) at a one-month repo auction, after an earlier one-year auction had seen more modest demand.

The bank said on Friday it would offer up to 1 trillion roubles at the one-month auction.

Repo, or repurchase agreement, auctions are held to increase the capacity of credit institutions to manage their liquidity. ($1 = 77.0500 roubles) (Reporting by Elena Fabrichnaya; Writing by Alexander Marrow; Editing by Jon Boyle)

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