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 >
Oil prices rise by over $1 on OPEC+ output hike delay
Oil prices rise by over $1 on OPEC+ output hike delay
Nov 3, 2024
BEIJING (Reuters) - Oil prices rose by more than $1 in early trading on Monday after OPEC+ said on Sunday it would delay a planned December output hike by one month. Brent futures rose by $1.14 per barrel, or 1.56%, to $74.24 a barrel. U.S. West Texas Intermediate (WTI) crude also rose by $1.14 a barrel, or 1.64%, to $70.63....
European Equities Traded in the US as American Depositary Receipts Rise in Monday Trading
European Equities Traded in the US as American Depositary Receipts Rise in Monday Trading
Nov 4, 2024
11:20 AM EST, 11/04/2024 (MT Newswires) -- European equities traded in the US as American depositary receipts started the week tracking higher late Monday morning, rising 0.49% to 1,366.51 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by biopharmaceutical company DBV Technologies ( DBVT ) and internet advertising firm Criteo ( CRTO ) ,...
Asian Equities Traded in the US as American Depositary Receipts Climb Higher Friday
Asian Equities Traded in the US as American Depositary Receipts Climb Higher Friday
Nov 4, 2024
10:48 AM EDT, 11/01/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were rising sharply Friday morning, climbing 1.22% to 2,076.32 on the S&P Asia 50 ADR Index, but were still down 1% for the week. From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and ecommerce fashion platform MOGU (...
Election, Fed Outlooks Elevate Wall Street Pre-Bell; Asia, Europe Up
Election, Fed Outlooks Elevate Wall Street Pre-Bell; Asia, Europe Up
Nov 4, 2024
06:18 AM EST, 11/04/2024 (MT Newswires) -- Wall Street futures pointed moderately higher pre-bell Monday as traders took positions ahead of the pending US national election results, and the Federal Reserve's rate call on Thursday. In the futures, the S&P 500 rose 0.3%, the Nasdaq inclined 0.3% and the Dow Jones was up 0.1%. There is a greater than 98%...
Copyright 2023-2026 - www.financetom.com All Rights Reserved