RIO DE JANEIRO, March 26 (Reuters) - Brazil’s central bank said on Thursday it will sell up to $2.5 billion through repurchase agreements next week, in a bid to add liquidity to the Brazilian foreign exchange market.
The central bank said the dollars sold next Tuesday will be repurchased on Aug. 4 or Sept. 2. The type of sale is the first since December.
The central bank usually sells dollars through repurchase agreements to provide liquidity to companies involved in foreign trade operations.
Reporting by Stephen Eisenhammer; Editing by Lisa Shumaker