Brazilian central bank steps into currency market amid real sell-off

Policymakers called a FX credit-line auction of as much as US$4bil on Tuesday. — Bloomberg

BRASILIA: Brazil’s central bank is stepping into currency markets as the real has been battered by fiscal concerns at home and a broad slide in risk assets globally.

Policymakers called a FX credit-line auction of as much as US$4bil on Tuesday, according to a statement.