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 >
GLOBAL MARKETS-Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
GLOBAL MARKETS-Stocks surge while Treasury yields, dollars retreat after Fed signals lower rates
Aug 29, 2024
* Global stocks rally after Fed signals cuts * S&P 500 trades near all-time high * Dollar and Treasury yields fall * Oil rebounds By Lawrence Delevingne Aug 23 (Reuters) - Wall Street and global shares jumped on Friday toward all-time highs, while Treasury yields slumped and the dollar languished, after a speech by U.S. Federal Reserve Chair Jerome Powell...
Asian Equities Traded in the US as American Depositary Receipts Climb Higher in Thursday Trading
Asian Equities Traded in the US as American Depositary Receipts Climb Higher in Thursday Trading
Aug 29, 2024
10:43 AM EDT, 08/29/2024 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were moving higher Thursday morning, rising 1% to 1,954.1 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by wealth management firm Noah (NOAH) and financial services company CNFinance ( CNF ) , which climbed 13.8% and 6.6%...
EMERGING MARKETS-Mexican peso extends slide on reform worries; real dips after inflation data
EMERGING MARKETS-Mexican peso extends slide on reform worries; real dips after inflation data
Aug 29, 2024
* Mexican judicial overhaul passes first hurdle in committee vote * Brazil inflation slows in August * Brazil's Vale rises after Gustavo Pimenta named next CEO * Latam stocks down 0.9%, FX down 0.6% (Updated at 1927 GMT/3:27 pm ET) By Shashwat Chauhan and Lisa Pauline Mattackal Aug 27 (Reuters) - The Mexican peso weakened nearly 2% on Tuesday as...
European Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading
European Equities Traded in the US as American Depositary Receipts Rise in Thursday Trading
Aug 29, 2024
11:12 AM EDT, 08/29/2024 (MT Newswires) -- European equities traded in the US as American depositary receipts were moving higher late Thursday morning, rising 0.56% to 1,476.60 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by telecommunications company Nokia ( NOK ) and medical device maker EDAP TMS ( EDAP ) , which rose...
Copyright 2023-2026 - www.financetom.com All Rights Reserved