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Banks' correspondent accounts with CBR rise 0.48%

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MOSCOW, March 14 (RIA Novosti) - Credit institutions' balances on correspondent accounts with Russia's Central Bank rose 0.48% from Tuesday to 547.6 billion rubles ($20.9 billion at the current exchange rate) at the beginning of the business day, the CBR said Wednesday.

Credit institutions' balances on deposit accounts with the Central Bank decreased 11.6% to 73.6 billion rubles ($2.8 billion).

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