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 >
EMERGING MARKETS-Dollar retreat lifts Latam currencies
EMERGING MARKETS-Dollar retreat lifts Latam currencies
Apr 29, 2024
* Colombia stock exchange measures may allow it to stay in JPM index * IMF approves $8.1 bln flexible credit line for Colombia * Brazil's central government posts budget deficit in March * Latam stocks up 0.6%, currencies add 0.5% By Bansari Mayur Kamdar April 29 (Reuters) - Colombia's peso rose on Monday, tracking broader emerging market currencies as the...
Equities Rise Intraday as Traders Await This Week's Key Earnings, Fed Decision
Equities Rise Intraday as Traders Await This Week's Key Earnings, Fed Decision
Apr 29, 2024
02:29 PM EDT, 04/29/2024 (MT Newswires) -- US benchmark equity indexes were higher intraday Monday, as markets awaited key corporate earnings and the Federal Reserve's latest monetary policy decision due later in the week. The Nasdaq Composite was up 0.5% at 16,004.1 after midday, while the Dow Jones Industrial Average and the S&P 500 rose 0.4% each to 38,400.5 and...
European Equities Close Mixed in Monday Trading; Economic Sentiment Falls in April; Lawsuit Dents Deutsche Bank Shares
European Equities Close Mixed in Monday Trading; Economic Sentiment Falls in April; Lawsuit Dents Deutsche Bank Shares
Apr 29, 2024
12:11 PM EDT, 04/29/2024 (MT Newswires) -- European stock markets closed mixed in Monday trading as the Stoxx Europe 600 gained 0.07%, the Swiss Market Index was off 0.11%, France's CAC was down 0.29%, the FTSE in London was up 0.09%, and Germany's DAX closed 0.24% lower. The European Commission's Economic Sentiment Indicator for April declined 0.3 points to 96.2...
Japan Intervenes To Support Struggling Yen: Why Did It Trigger Nikkei 225 Dip? 4 Charts To Watch
Japan Intervenes To Support Struggling Yen: Why Did It Trigger Nikkei 225 Dip? 4 Charts To Watch
Apr 29, 2024
The Bank of Japan (BoJ) intervened in the foreign-exchange market on Monday to bolster the weakening Japanese yen, which had plunged to a 34-year low of 160 per dollar. In response to the move, the yen saw a notable recovery, jumping as much as 3% to 154.6 against the dollar following the intervention, before retracing to 156.80 at the time...
Copyright 2023-2026 - www.financetom.com All Rights Reserved