Russia's net forex sales rise to equivalent of 4.76 bln roubles per day
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.
(Reporting by Darya Korsunskayam, writing by Gleb Bryanski
Editing by Gareth Jones)
((gleb.bryanski@thomsonreuters.com;))
Related Articles
[U.S. IPO] Valuation Doubles Figma’s Pre-IPO Level — Canva’s Latest Funding Hints at Public Market Debut
TradingKey - Following the strong market reception of design collaboration platform Figma’s IPO, which has reignited momentum for software company listings, another online design platform, Canva, appears to be preparing for a potential public offering.
Powell's Jackson Hole Speech: For U.S. Stocks, Hawk or Dove Signal Could Be a Lose-Lose?
TradingKey - As U.S. inflation and labor market data show signs of rebalancing, Treasury traders and Wall Street banks have largely priced in a rate cut at the September FOMC meeting — the first of 2025. Yet both a more dovish-than-expected tone and a potential surprise hawkish signal from Fed Chair
Eurozone Q2 GDP Commentary: Will the Euro's Upward Momentum Persist?
TradingKey - On 14 August 2025, Eurostat published Q2 GDP figures, revealing a drop in the Eurozone's quarter-on-quarter growth from 0.6% in the first quarter to 0.1%. Consequently, annual growth eased from 1.5% to 1.4%. The slowdown primarily stems from the diminishing boost from European...
What to Expect From Microsoft Q4 FY2025 Earnings: The King of AI Monetization — A $4 Trillion Market Cap Within Reach?
TradingKey - Cloud giant Microsoft (MSFT.US) will report its fiscal fourth-quarter 2025 earnings (calendar Q2) after the U.S. market close on July 30. Wall Street is bullish, expecting strong results from Azure cloud services and AI-driven growth to propel Microsoft’s market capitalization toward
Ethereum Price Prediction: Will ETH Extend the Rally? What’s the Future Trend?
Ethereum's impressive 2025 rally has been largely fueled by inflows from spot ETFs and a surge in institutional holdings, signaling growing confidence in its role as a core asset in the crypto market. However, to officially confirm the start of a new bull cycle, ETH must break above the critical $4,
