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-TSX falls as tariff jitters keep investors cautious
CANADA STOCKS-TSX falls as tariff jitters keep investors cautious
Mar 13, 2025
March 13 (Reuters) - Canada's main stock index opened lower on Thursday as investors remained cautious amid a constantly intensifying trade war with the United States. At 9:31 a.m. ET (1331 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 0.2% at 24,381.12. ...
Asian Equities Traded in the US as American Depositary Receipts Lower in Thursday Trading
Asian Equities Traded in the US as American Depositary Receipts Lower in Thursday Trading
Mar 13, 2025
10:40 AM EDT, 03/13/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were lower Thursday morning, declining 0.23% to 2,183.67 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by diagnostic imaging centers company Concord Medical Services ( CCM ) and internet services provider Baidu ( BIDU ) , which...
Analysis-Europe's top money managers start to bring defence stocks in from the cold
Analysis-Europe's top money managers start to bring defence stocks in from the cold
Mar 13, 2025
LONDON (Reuters) - European asset managers are reconsidering their policies on investing in defence, under pressure from clients and some politicians to loosen restrictions and help fund the continent's race to re-arm. Under European Union rules, a number of funds badged as sustainable need to ensure their investments 'Do No Significant Harm'. Many have avoided the sector entirely, with even...
GLOBAL MARKETS-Stocks slip as tariffs wipe out inflation relief
GLOBAL MARKETS-Stocks slip as tariffs wipe out inflation relief
Mar 13, 2025
(Updates prices in Europe afternoon trading) * European stocks slip, U.S. futures fall * Asian equities flip from early gains to losses * Trump's back and forth on tariffs weighs on sentiment By Harry Robertson and Kevin Buckland LONDON/TOKYO, March 13 (Reuters) - European stocks and U.S. futures fell on Thursday as investors turned their attention back to escalating global...
Copyright 2023-2026 - www.financetom.com All Rights Reserved