It was the latest victim of a tight money market created by earlier larger business failures and near-bankruptcies.
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Traders expect the 14-day securities repurchase rate could fall below 4.45 percent after tight money market conditions prevented traders from bidding it lower.
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Traders expect the 14-day securities repurchase rate could fall below 4 . 45 percent after tight money market conditions prevented traders from bidding it lower.
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On Wednesday, Central Bank Chairman Sergei Ignatyev insisted that there was no crisis, but he also announced a series of new measures aimed at restoring liquidity in Russia's increasingly tight money market.
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