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 >
European Equities Close Mostly Higher Wednesday; Eli Lilly Partners With Amazon; BP Suspends NewMed Talks
European Equities Close Mostly Higher Wednesday; Eli Lilly Partners With Amazon; BP Suspends NewMed Talks
Mar 13, 2024
01:11 PM EDT, 03/13/2024 (MT Newswires) -- European stock markets closed mostly higher in Wednesday trading as the Stoxx Europe 600 was up 0.16%, the Swiss Market Index gained 0.24%, France's CAC rose 0.62%, the FTSE in London increased 0.31%, and Germany's DAX closed 0.03% lower. Seasonally adjusted industrial production decreased 3.2% in the euro area and 2.1% in the...
Chile's peso strengthens as copper prices rise
Chile's peso strengthens as copper prices rise
Mar 13, 2024
SANTIAGO, March 13 (Reuters) - The Chilean peso strengthened 1.65% against the U.S. dollar in mid-day trading on Wednesday, driven by climbing copper prices. Chile is the world's top producer of the red metal. Copper prices rose more than 2% on the London Metal Exchange to their highest level in seven months after Chinese smelters agreed to cut output. ...
CANADA FX DEBT-Canadian dollar edges higher as oil prices jump
CANADA FX DEBT-Canadian dollar edges higher as oil prices jump
Mar 13, 2024
* Canadian dollar up 0.1% against the greenback * Trades in a range of 1.3460 to 1.3498 * Price of U.S. oil settles 2.8% higher * Canadian bond yields rise across the curve By Fergal Smith TORONTO, March 13 (Reuters) - The Canadian dollar edged higher against its U.S. counterpart on Wednesday, supported by higher oil prices and recent signaling...
Crude Oil Gains Over 2%; Gaxos.ai Shares Spike Higher
Crude Oil Gains Over 2%; Gaxos.ai Shares Spike Higher
Mar 13, 2024
U.S. stocks traded mixed midway through trading, with the Dow Jones gaining around 150 points on Wednesday. The Dow traded up 0.42% to 39,170.63 while the NASDAQ fell 0.50% to 16,183.77. The S&P 500 also fell, dropping, 0.12% to 5,169.01. Check This Out: Top 4 Tech And Telecom Stocks That May Explode This Month   Leading and Lagging Sectors  ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved