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 >
Trump Tariff Talk Lifts European Bourses Midday
Trump Tariff Talk Lifts European Bourses Midday
Mar 25, 2025
07:48 AM EDT, 03/25/2025 (MT Newswires) -- European bourses tracked moderately higher midday Tuesday as traders assessed possibly tempered remarks from the Trump Administration on tariffs. Bank, oil and property stocks gained, while retail issues lagged. Shares in Shell gained 2% after the British energy giant said it plans to boost LNG assets, and to increase shareholder distributions to 40%...
Oil Prices Continue to Rise as Trump Threatens Tariffs on Buyers of Venezuelan Oil
Oil Prices Continue to Rise as Trump Threatens Tariffs on Buyers of Venezuelan Oil
Mar 25, 2025
08:40 AM EDT, 03/25/2025 (MT Newswires) -- Oil prices rose for a fifth-straight session early on Tuesday on supply concerns after U.S. President Donald Trump threatened to impose 25% tariffs on U.S. imports from countries that import oil from Venezuela. West Texas Intermediate crude oil for May delivery was last seen up US$0.51 to US$69.62 per barrel, while May Brent...
FOREX-Dollar slips from three-week high as tariff uncertainty lingers
FOREX-Dollar slips from three-week high as tariff uncertainty lingers
Mar 25, 2025
(Updates in afternoon trading in Europe) By Harry Robertson and Tom Westbrook LONDON/SINGAPORE, March 25 (Reuters) - The dollar fell slightly from an almost three-week high on Tuesday after rising earlier in the session as currencies continued to waver on the back of uncertainty about tariffs. U.S. President Donald Trump said not all of his threatened levies would be imposed...
Wall Street Calms After Monday's Rise, Driving Narrow Premarket Gains for US Equity Futures
Wall Street Calms After Monday's Rise, Driving Narrow Premarket Gains for US Equity Futures
Mar 25, 2025
08:58 AM EDT, 03/25/2025 (MT Newswires) -- US equity futures were cautiously higher ahead of Tuesday's opening bell, with investor sentiment stabilizing following gains fueled by an unexpected upturn in service sector activity. The Dow Jones Industrial Average futures gained 0.2%, S&P 500 futures increased 0.3%, and Nasdaq futures were up 0.3%. S&P Global's (SPGI) flash purchasing managers' index report...
Copyright 2023-2026 - www.financetom.com All Rights Reserved