Russian finance ministry to increase daily FX purchases in Aug

05 Aug, 2019

FX purchases on the market will total 246.2 billion roubles, compared with 231 billion roubles in the previous month, the ministry said.

A Reuters poll showed analysts had on average expected state FX purchases to reach 250 billion roubles in the period from Aug. 7 to Sept. 5.

The actual amount of state FX purchases will be higher than the finance ministry had planned as the central bank this year started carrying out FX purchases postponed in 2018 due to the rouble's volatility.

Copyright Reuters, 2019

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