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 EUROPE-Fed day focus is on what Jay says
MORNING BID EUROPE-Fed day focus is on what Jay says
Apr 30, 2024
A look at the day ahead in European and global markets from Kevin Buckland The marquee markets event for the week is almost upon us, and needs little introduction: The outlook for U.S. interest rates continues to be the elephant in the trading room for all asset classes, responsible not only for recent peaks in Treasury yields and the dollar,...
Amazon, AMD, Super Micro Computer, Starbucks, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Amazon, AMD, Super Micro Computer, Starbucks, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Apr 30, 2024
On Tuesday, the main U.S. stock indexes closed lower, with the Dow Jones Industrial Average finishing down 1.5% at 37,815.92, the S&P500 falling by 1.6% to 5,035.69, and the Nasdaq declining by 2.04% to 15,657.82 at the end of the day’s trading session. These are the top stocks that gained the attention of retail traders and investors throughout the day:...
Morning Bid: Fed day focus is on what Jay says
Morning Bid: Fed day focus is on what Jay says
Apr 30, 2024
A look at the day ahead in European and global markets from Kevin Buckland The marquee markets event for the week is almost upon us, and needs little introduction: The outlook for U.S. interest rates continues to be the elephant in the trading room for all asset classes, responsible not only for recent peaks in Treasury yields and the dollar,...
Japan's Nikkei edges lower as investors await Fed decision
Japan's Nikkei edges lower as investors await Fed decision
Apr 30, 2024
TOKYO, May 1 (Reuters) - Japan's Nikkei share average fell in the morning session on Wednesday, with traders maintaining a cautious stance on the first day of the month ahead of the U.S. Federal Reserve's monetary policy decision. The Nikkei was down 0.56% at 38,189.54 by the morning break. The broader Topix declined 0.64% to 2725.70. The Federal Reserve Open...
Copyright 2023-2026 - www.financetom.com All Rights Reserved