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 >
Asian Equities Traded in the US as American Depositary Receipts Open Week Sharply Higher in Monday Trading
Asian Equities Traded in the US as American Depositary Receipts Open Week Sharply Higher in Monday Trading
Sep 8, 2025
10:38 AM EDT, 09/08/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts kicked off the week sharply higher Monday morning, rising 1.03% to 2,550.48 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by brand platform 36Kr (KRKR) and semiconductor company ASE Technology ( ASX ) , which jumped 57.5%...
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
Sep 8, 2025
11:08 AM EDT, 09/08/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts were higher late Monday morning, rising 0.2% to 1,527.9 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by medical device maker EDAP TMS ( EDAP ) and internet browser company Opera (OPRA), which advanced 6.8% and 4%...
CANADA STOCKS-TSX retreats after week-long rally; Bank of Canada rate cut expected
CANADA STOCKS-TSX retreats after week-long rally; Bank of Canada rate cut expected
Sep 8, 2025
(Updates with analyst comment, market open prices) By Sanchayaita Roy Sept 8 (Reuters) - Canada's main stock index fell on Monday, as investors took a breather after a week of record-setting gains and looked ahead to a possible interest rate cut by the Bank of Canada later this month. The Toronto Stock Exchange's S&P/TSX composite index was down 0.5% at...
PRECIOUS-Gold rallies to record high above $3,600/oz as Fed rate cut bets firm
PRECIOUS-Gold rallies to record high above $3,600/oz as Fed rate cut bets firm
Sep 8, 2025
* Gold breaches $3,600 for the first time * A 90% chance of 25-bp rate cut in September - CME FedWatch * China's central bank added gold for 10th straight month in August (Updates for U.S. morning hours) By Sherin Elizabeth Varghese Sept 8 (Reuters) - Gold surged past the $3,600 an ounce level for the first time on Monday,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved