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 >
Wall St drops on caution ahead of Nvidia results, economic data
Wall St drops on caution ahead of Nvidia results, economic data
Aug 29, 2024
By Johann M Cherian and Purvi Agarwal (Reuters) - Wall Street's main indexes were lower on Tuesday, weighed down by tech-related stocks, as caution prevailed ahead of a highly anticipated earnings report from Nvidia and crucial economic data expected later in the week. The benchmark S&P 500 and the Nasdaq dropped for the second straight day, after last week's rally,...
Asian Equities Traded in the US as American Depositary Receipts Higher in Tuesday Trading
Asian Equities Traded in the US as American Depositary Receipts Higher in Tuesday Trading
Aug 29, 2024
10:48 AM EDT, 08/27/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving moderately higher Tuesday morning, rising 0.6% to 1,952.8 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by polysilicon manufacturer Daqo New Energy ( DQ ) and pet-focused platform Boqii ( BQ ) , which rose...
Nvidia Earnings Reaction Roils Asian Stock Markets
Nvidia Earnings Reaction Roils Asian Stock Markets
Aug 29, 2024
06:55 AM EDT, 08/29/2024 (MT Newswires) -- Asian stock markets churned on Thursday, following the cool reaction of Wall Street to the late Wednesday earnings release of US-based AI-chipmaking giant Nvidia (NVDA). Hong Kong gained on strong earnings reports, Tokyo was flat and Shanghai lost ground. Other regional exchanges were mixed and muted, with tech-centric Seoul and Taiwan stepping back....
EMERGING MARKETS-Mexican peso steers Latam FX lower after judicial reforms clear first hurdle
EMERGING MARKETS-Mexican peso steers Latam FX lower after judicial reforms clear first hurdle
Aug 29, 2024
(Refiling to fix typographical error in advisory line. Updated at 10:32 a.m. ET/ 1432 GMT) * Mexican judicial overhaul passes first hurdle in committee vote * Brazil's Vale rises after Gustavo Pimenta named next CEO * Latam stocks, FX down 0.3% each By Shashwat Chauhan Aug 27 (Reuters) - The Mexican peso slid more than 1% on Tuesday after lawmakers...
Copyright 2023-2026 - www.financetom.com All Rights Reserved