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 >
Rouble firms to strongest since late January vs dollar
Rouble firms to strongest since late January vs dollar
May 22, 2024
MOSCOW, May 22 (Reuters) - The Russian rouble climbed to its strongest since late January against the dollar on Wednesday, supported by high interest rates, capital controls and the state's increased sales of foreign currency this month. At 0648 GMT, the rouble was 0.2% stronger against the dollar at 89.95, earlier hitting 89.75, its strongest point since Jan. 31. It...
METALS-Copper falls on waning China demand
METALS-Copper falls on waning China demand
May 21, 2024
(Updates prices, adds comments) BEIJING, May 22 (Reuters) - Copper prices fell on Wednesday on softening physical demand and higher inventories in top consumer China and as investors were cautious ahead of the release of minutes of the Federal Reserve's latest meeting. Three-month copper on the London Metal Exchange (LME) was down 1% to $10,750 per metric ton by 0613...
British inflation jitters weigh on European stocks
British inflation jitters weigh on European stocks
May 22, 2024
(For a Reuters live blog on U.S., UK and European stock markets, click or type LIVE/ in a news window) May 22 (Reuters) - European stocks slipped in early deals on Wednesday as a stronger-than-expected British inflation reading dampened the mood ahead of release of the Federal Reserve's meeting minutes and AI darling Nvidia's ( NVDA ) earnings. The continent-wide...
Sterling jumps as UK inflation slows less than forecast
Sterling jumps as UK inflation slows less than forecast
May 21, 2024
LONDON, May 22 (Reuters) - The pound jumped on Wednesday after data showed UK inflation neared the Bank of England's target in April, but did not slow as much as expected, leaving the chances of a June rate cut unchanged at around 50%. British consumer prices rose by 2.3% in annual terms in April, slowing from a 3.2% increase in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved