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.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marketmind: October market fillip as govt stays openA look at the day ahead in U.S. and global markets by Mike Dolan A six-week reprieve for U.S. government funding that keeps public services functioning ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Russian court rejects Apple appeal against abuse of dominant market position(Reuters) - A Russian court rejected Apple's appeal against the alleged abuse of its dominant market position in terms of in-app payments, for which it ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Russian car sales jump in September as Chinese brands expand market share(Reuters) - Car sales in Russia jumped by 148.6% year-on-year in September, continuing to rebound from a huge slump in 2022, analytical agency Autostat ...
Source: SaltWire Network - 🏆 45. / 63 Read more »
Stock market today: Wall Street steadies after selloff as a relaxing bond market offers some oxygenBANGKOK — Wall Street is holding steadier after the bond market relaxed its vise a bit on the stock market. The S&P 500 was 0.3% higher early Wednesdady, coming off a 1.4% tumble that sent it to its lowest level in four months.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street steadies after selloff as a relaxing bond market offers some oxygenWall Street is holding steadier after the bond market relaxed its grip a bit on the stock market.
Source: CTVNews - 🏆 1. / 99 Read more »