AGL 6.72 Increased By ▲ 0.05 (0.75%)
ANL 9.75 Decreased By ▼ -0.10 (-1.02%)
AVN 75.50 Decreased By ▼ -0.50 (-0.66%)
BOP 5.44 Increased By ▲ 0.07 (1.3%)
CNERGY 4.95 Decreased By ▼ -0.04 (-0.8%)
EFERT 78.05 Increased By ▲ 0.02 (0.03%)
EPCL 55.40 Decreased By ▼ -0.30 (-0.54%)
FCCL 15.30 Decreased By ▼ -0.08 (-0.52%)
FFL 6.48 Decreased By ▼ -0.06 (-0.92%)
FLYNG 7.15 Decreased By ▼ -0.13 (-1.79%)
GGGL 10.55 No Change ▼ 0.00 (0%)
GGL 16.55 Decreased By ▼ -0.20 (-1.19%)
GTECH 8.42 Decreased By ▼ -0.08 (-0.94%)
HUMNL 6.41 Decreased By ▼ -0.09 (-1.38%)
KEL 2.99 Decreased By ▼ -0.06 (-1.97%)
LOTCHEM 28.85 Decreased By ▼ -0.16 (-0.55%)
MLCF 28.30 Decreased By ▼ -0.10 (-0.35%)
OGDC 75.50 Decreased By ▼ -0.55 (-0.72%)
PAEL 15.54 Decreased By ▼ -0.14 (-0.89%)
PIBTL 5.36 Increased By ▲ 0.06 (1.13%)
PRL 17.32 Decreased By ▼ -0.30 (-1.7%)
SILK 1.05 Decreased By ▼ -0.01 (-0.94%)
TELE 10.50 Decreased By ▼ -0.20 (-1.87%)
TPL 8.00 Decreased By ▼ -0.26 (-3.15%)
TPLP 20.80 Decreased By ▼ -0.57 (-2.67%)
TREET 23.00 Decreased By ▼ -0.61 (-2.58%)
TRG 122.70 Decreased By ▼ -2.55 (-2.04%)
UNITY 22.58 Decreased By ▼ -0.02 (-0.09%)
WAVES 11.30 Decreased By ▼ -0.27 (-2.33%)
WTL 1.14 Decreased By ▼ -0.01 (-0.87%)
BR100 4,104 Decreased By -51.4 (-1.24%)
BR30 15,468 Decreased By -141.6 (-0.91%)
KSE100 41,001 Decreased By -434.1 (-1.05%)
KSE30 15,305 Decreased By -198.9 (-1.28%)
Markets

Russia seen lowering state FX sales in coming month, survey shows

  • In the previous period, between Dec. 7 and Jan. 14, the ministry had planned to sell 50.8 billion roubles.
Published January 12, 2021
Follow us

MOSCOW: Russia's finance ministry is expected to further ease support for the rouble by cutting its regular sales of foreign currency under its fiscal rule to around $200 million in the coming month, a Reuters survey showed on Tuesday.

The finance ministry will announce its sales plan for the period from Jan. 15 to Feb. 4 on Wednesday.

The median forecast from a survey of six analysts suggested Russia would sell 15.0 billion roubles ($201.94 million) worth of foreign currency from its state reserves in regular operations under its fiscal rule. Forecasts ranged from 0 to 90 billion roubles.

In the previous period, between Dec. 7 and Jan. 14, the ministry had planned to sell 50.8 billion roubles.

Daily FX sales have helped the rouble weather volatility on global financial markets since March 2020, limiting losses in the Russian currency amid a slump in oil prices, the COVID-19 pandemic and geopolitical risks.

Comments

Comments are closed.