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 >
TRADING DAY-Trump is on fire, global markets tariffied
TRADING DAY-Trump is on fire, global markets tariffied
Apr 3, 2025
ORLANDO, Florida, April 3 (Reuters) - TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist Highest U.S. tariffs in over 100 years slam markets On March 7, U.S. Treasury Scott Bessent said the U.S. economy could be in for a detox period as it adjusted to President Donald Trump's transformative policy agenda. The gyrations...
Equity Markets Sink Amid Trump Tariffs; Nike, Apple Tumble
Equity Markets Sink Amid Trump Tariffs; Nike, Apple Tumble
Apr 3, 2025
04:45 PM EDT, 04/03/2025 (MT Newswires) -- US benchmark equity indexes and Treasury yields plummeted Thursday, with the Dow Jones Industrial Average losing nearly 1,700 points, as President Donald Trump's latest wave of tariffs raised global trade tensions. The Dow slid 4% to 40,545.9, while the Nasdaq Composite sank 6% to 16,550.6. The S&P 500 shed 4.8% to 5,396.5. Barring...
Trump is on fire, global markets tariffied: Trading Day
Trump is on fire, global markets tariffied: Trading Day
Apr 3, 2025
ORLANDO, Florida (Reuters) - TRADING DAY Making sense of the forces driving global markets By Jamie McGeever, Markets Columnist  Highest U.S. tariffs in over 100 years slam markets On March 7, U.S. Treasury Scott Bessent said the U.S. economy could be in for a detox period as it adjusted to President Donald Trump's transformative policy agenda. The gyrations on Wall...
Equity Markets Close Lower as Tariff Concerns Impact Investors
Equity Markets Close Lower as Tariff Concerns Impact Investors
Apr 3, 2025
04:31 PM EDT, 04/03/2025 (MT Newswires) -- US benchmark equity indexes closed sharply lower on Thursday as investors reacted to the tariffs announcement by President Donald Trump. The Nasdaq Composite declined 6% to 16,550.6, while the S&P 500 fell 4.8% to 5,396.5. The Dow Jones Industrial Average was down 4% to 40,545.9. All sectors except consumer staples were in the...
Copyright 2023-2026 - www.financetom.com All Rights Reserved