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 >
Newmont Upgraded to Buy at UBS as Gold Prices Rise; Price Target Raised to US$60.00
Newmont Upgraded to Buy at UBS as Gold Prices Rise; Price Target Raised to US$60.00
Apr 11, 2025
09:35 AM EDT, 04/11/2025 (MT Newswires) -- UBS on Friday upgraded its rating on the shares of Newmont ( NEM ) to buy from neutral while raising its prices target to US$60.00 from US$50.00 as the world's No.1 gold producer benefits from record prices for the metal. Consistent with previous major macro shocks (e.g., GFC & Covid) gold & gold...
European Equities Traded in the US as American Depositary Receipts Higher in Friday Trading
European Equities Traded in the US as American Depositary Receipts Higher in Friday Trading
Apr 11, 2025
11:05 AM EDT, 04/11/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts were higher late Friday morning, rising 1.55% to 1,293.05 on the S&P Europe Select ADR Index. The index is up more than 5% for the week. From continental Europe, the gainers were led by biopharmaceutical companies Cellectis ( CLLS ) and argenx (ARGX),...
Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading
Asian Equities Traded in the US as American Depositary Receipts Rise in Friday Trading
Apr 11, 2025
10:34 AM EDT, 04/11/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were higher Friday morning, rising 0.86% to 1,922.22 on the S&P Asia 50 ADR Index, which is up 4.81% for the week. From North Asia, the gainers were led by biotech firm Zai Lab ( ZLAB ) and financial services company CNFinance (...
Lower oil prices could sink Ecopetrol's full-year profits by $2.8 billion, president warns
Lower oil prices could sink Ecopetrol's full-year profits by $2.8 billion, president warns
Apr 11, 2025
BOGOTA, April 11 (Reuters) - Lower oil prices could bring Colombian state-run oil firm Ecopetrol's profits down by up to 12 trillion pesos ($2.76 billion) this year, the company's president warned on Friday. Ecopetrol may also have to scrap production at some fields and focus on those with lower costs, president Ricardo Roa told journalists on the sidelines of an...
Copyright 2023-2026 - www.financetom.com All Rights Reserved