financetom
World
financetom
/
World
/
Russia's net forex sales rise to equivalent of 4.76 bln roubles per day
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russia's net forex sales rise to equivalent of 4.76 bln roubles per day
Jan 13, 2025 1:35 AM

MOSCOW, Jan 13 (Reuters) - Russia's finance ministry

said on Monday it would decrease its purchases of foreign

currency and gold in the month ahead, a move that will increase

the state's overall forex sales, providing support for the

rouble.

The finance ministry said its purchases of foreign

currencies and gold for the period from Jan. 15 to Feb. 6 would

amount to the equivalent of 70.2 billion roubles, or 4.1 billion

roubles a day.

The move implies that the overall net forex sales by the

government and the central bank will rise to 4.76 billion

roubles per day from 3.41 billion roubles, a daily amount that

was in effect from Jan. 9, 2025.

In the previous period the ministry had planned to buy

foreign currency worth 114.4 billion roubles, or 5.4 billion

roubles a day.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CANADA STOCKS-Toronto market climbs to 2-week high on broad-based gains
CANADA STOCKS-Toronto market climbs to 2-week high on broad-based gains
Jun 27, 2024
* TSX ends up 0.7% at 21,942.16 * Posts its highest closing level since June 12 * Energy adds 1.3%; oil settles 1% higher * BlackBerry up 10.5% on Q1 revenue beat (Updates at market close) By Fergal Smith June 27 (Reuters) - Canada's main stock index rose to a two-week high on Thursday, with heavily weighted financials and energy...
EMERGING MARKETS-Mexican peso slips as markets digest Banxico's dovish tilt
EMERGING MARKETS-Mexican peso slips as markets digest Banxico's dovish tilt
Jun 27, 2024
* Brazil lifts 2025 inflation projections to 4% * Brazil's Suzano up on dropping plan to buy International Paper ( IP ) * Bank of Mexico holds key interest rate at 11% * Rand drops on reported discord over cabinet posts * FX off 0.4%, stocks up 0.1% (Updated at 03:55 p.m. ET/ 1955 GMT) By Johann M Cherian and...
MORNING BID ASIA-Tokyo inflation, scores on the first half doors
MORNING BID ASIA-Tokyo inflation, scores on the first half doors
Jun 27, 2024
June 28 (Reuters) - A look at the day ahead in Asian markets. A mood of caution hangs over Asian markets on Friday, the last trading day of the quarter and half-way point in the year, with investors likely to keep risk exposure to a minimum ahead of U.S. inflation data later in the day and ahead of the weekend....
GLOBAL MARKETS-Stocks inch up, bond yields dip; inflation data ahead
GLOBAL MARKETS-Stocks inch up, bond yields dip; inflation data ahead
Jun 27, 2024
* US stocks finish slightly higher * Yen inches up vs US dollar * US presidential debate set for late Thursday (Updates to 4:30 p.m. ET) By Caroline Valetkevitch NEW YORK, June 27 (Reuters) - Global stock indexes edged higher on Thursday, while U.S. Treasury yields declined slightly after a series of U.S. economic reports suggested ebbing momentum. Traders were...
Copyright 2023-2025 - www.financetom.com All Rights Reserved