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 >
EMERGING MARKETS-Mexican peso drags Latam FX lower for second day
EMERGING MARKETS-Mexican peso drags Latam FX lower for second day
Aug 22, 2024
(Updated at 1500 GMT) * Mexico stocks outlook dampened by weaker economic prospects * Peru's copper output may fall short of 3 mln ton goal -SNMPE * Stocks, FX down 0.6% By Shubham Batra Aug 21 (Reuters) - Latin American currencies hit a one-week low against the U.S. dollar on Wednesday, led by losses in the Mexican peso for a...
Morgan Stanley cuts Mexico stocks to 'underweight', trims China targets
Morgan Stanley cuts Mexico stocks to 'underweight', trims China targets
Aug 22, 2024
LONDON (Reuters) - Investment bank Morgan Stanley issued an underweight warning on Mexican shares on Wednesday due to concerns about planned changes to the judiciary and electoral system, and also downgraded forecasts for China's main markets. The effective sell recommendation on Mexico comes as outgoing president Andres Manuel Lopez Obrador looks to push through a bevy of constitutional reforms with...
EMERGING MARKETS-Mexican peso steers Latam FX to one-week low
EMERGING MARKETS-Mexican peso steers Latam FX to one-week low
Aug 22, 2024
* Brazil's stock index at record high * Mexico stocks outlook dampened by weaker economic prospects * Peru's copper output may fall short of 3 mln ton goal -SNMPE * Stocks, FX down around 1% each (Updated at 2:50 p.m. ET/ 1850 GMT) By Shubham Batra and Ankika Biswas Aug 21 (Reuters) - Mexico's peso dropped over 2% against the...
Oil prices edge up after days of losses
Oil prices edge up after days of losses
Aug 22, 2024
LONDON, Aug 21 (Reuters) - Oil prices rose slightly on Wednesday, regaining some ground after steady sell-offs driven by expectations of reduced Chinese demand and diminishing concerns over the potential for Middle East conflict to spread and disrupt supply. Brent crude futures were up 47 cents, or 0.6%, at $77.67 a barrel by 1326 GMT. U.S. West Texas Intermediate crude...
Copyright 2023-2026 - www.financetom.com All Rights Reserved