Banks' correspondent accounts with CBR rise 1.7%

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MOSCOW, September 7 (RIA Novosti) - Credit institutions' balances on correspondent accounts with the Russian Central Bank totaled 427.4 billion rubles ($16.6 billion at the current exchange rates) at the beginning of the business day, up 1.7% from Thursday, the CBR said Friday.

Credit institutions' balances on deposit accounts with the Bank of Russia stood at 280.2 billion rubles ($10.9 billion), up 1.6% from Thursday.

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