Oct 4 - Russia's finance ministry said on Wednesday it would increase the volume of deferred foreign currency purchases in the coming month to a cumulative total of 398.7 billion Russian roubles .
The ministry said its purchases of FX and gold for the period from Oct. 6 to Nov. 7 that will be deferred to a later date would amount to 18.1 billion roubles per day.In the previous period, between Sept. 7 and Oct. 5, the ministry had planned to purchase foreign currency worth 276.2 billion roubles to compensate for lower oil and gas revenues.
Under its budget rule, Russia sells foreign currency from its wealth fund to make up for any shortfall in revenue from oil and gas exports, or makes purchases in the event of a surplus.
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