Brazil central bank to sell dollars through repo agreements
RIO DE JANEIRO, Sept 10 (Reuters) - Brazil's central bank stepped up its intervention in the foreign exchange market on Thursday after the real slumped following Standard & Poor's decision to downgrade the country's credit rating to junk.
The central bank said it will sell as much as $1.5 billion on the spot market through repurchase agreements. The repurchase dates will be January 4, 2016 and April 4, 2016. (Reporting by Walter Brandimarte; Editing by Chizu Nomiyama)
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