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 >
Morning Bid: China fires 'bigger guns, but still no bazooka'
Morning Bid: China fires 'bigger guns, but still no bazooka'
Oct 3, 2024
(Reuters) - A look at the day ahead in Asian markets. Sugar high or shot in the arm? That's the question for Chinese stocks and investor sentiment which soared on Tuesday after Beijing, led by the central bank, unveiled a package of coordinated monetary and liquidity stimulus that packed a far more powerful punch than previous piecemeal efforts. It was...
EMERGING MARKETS-Brazil, Chile lead Latam FX and stocks higher on commodities boost
EMERGING MARKETS-Brazil, Chile lead Latam FX and stocks higher on commodities boost
Oct 3, 2024
* Mexico's inflation undershoots forecasts ahead of rate decision * Uncertainties prevent indication of future tightening steps- Brazil c.bank * Copper, iron ore, oil prices jump on China's stimulus measures * Latam FX up 1%, stocks up 2.5% (Updated at 3:25 p.m. ET/ 1925 GMT) By Ankika Biswas and Shashwat Chauhan Sept 24 (Reuters) - Stocks and currencies of Latin...
Euro zone bond yields hold steady after two-day slide
Euro zone bond yields hold steady after two-day slide
Oct 3, 2024
LONDON, Sept 25 (Reuters) - Euro zone bond yields were little changed on Wednesday after falling during the two previous sessions as investors positioned for more rate cuts from the European Central Bank. Weak European survey data, a downbeat German business morale report, and a fall in U.S. consumer confidence have added momentum to bets that the ECB could lower...
MORNING BID ASIA-China fires 'bigger guns, but still no bazooka'
MORNING BID ASIA-China fires 'bigger guns, but still no bazooka'
Oct 3, 2024
Sept 25 (Reuters) - A look at the day ahead in Asian markets. Sugar high or shot in the arm? That's the question for Chinese stocks and investor sentiment which soared on Tuesday after Beijing, led by the central bank, unveiled a package of coordinated monetary and liquidity stimulus that packed a far more powerful punch than previous piecemeal efforts....
Copyright 2023-2026 - www.financetom.com All Rights Reserved