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 >
GLOBAL MARKETS-Stocks rise as 'Magnificent Seven' earnings land; gold nears record
GLOBAL MARKETS-Stocks rise as 'Magnificent Seven' earnings land; gold nears record
Jan 30, 2025
* Wall Street stocks rally after Meta, Tesla earnings * Microsoft ( MSFT ) tumbles after downbeat cloud outlook * Dollar dips, gold nears record as traders rush to borrow metal * Fed keeps US rates steady, ECB cuts rates * ECB cuts rates, euro steady By Amanda Cooper LONDON, Jan 30 (Reuters) - Wall Street shares rallied on Thursday,...
European Equities Traded in the US as American Depositary Receipts Climb Higher in Thursday Trading
European Equities Traded in the US as American Depositary Receipts Climb Higher in Thursday Trading
Jan 30, 2025
11:11 AM EST, 01/30/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts were up sharply late Thursday morning, rising 1.25% to 1,372.71 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by telecommunications company Nokia ( NOK ) and biopharmaceutical company Genfit ( GNFT ) , which climbed 7.3% and...
Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Thursday Trading
Asian Equities Traded in the US as American Depositary Receipts Rise Sharply in Thursday Trading
Jan 30, 2025
10:37 AM EST, 01/30/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts were sharply higher Thursday morning, rising 1.61% to 2,174.43 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by computer hardware maker Canaan (CAN) and diagnostic imaging centers company Concord Medical Services ( CCM ) , which climbed...
CANADA STOCKS-TSX opens higher as mining shares advance; Wall Street earnings in focus
CANADA STOCKS-TSX opens higher as mining shares advance; Wall Street earnings in focus
Jan 30, 2025
Jan 30 (Reuters) - Canada's main stock index opened higher on Thursday, lifted by metal and mining shares, while investors digested earnings from some of the big tech megacaps on Wall Street. At 9:31 a.m. ET (1431 GMT), the Toronto Stock Exchange's S&P/TSX composite index was up 0.71% at 25,654.42. ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved