off-the-wire

Russian finance ministry to sell $2.28 bln worth of FX in month ahead

Kitco Media
By Reuters
Published:
Updated:
Reuters
Feb 3 (Reuters) - Russia's finance ministry said on Friday it would sell 8.9 billion roubles ($126.6 million) worth of foreign currency a day between Feb. 7 and March 6, an increase in the amount of daily operations from the previous month.


The finance ministry said its regular FX sales on the market will total 160.2 billion roubles ($2.28 billion) over the coming month. A Reuters survey of analysts predicted that FX sales would total 79.75 billion roubles.


In the previous period, between Jan. 13 and Feb. 6, the ministry had planned to sell 54.5 billion roubles worth of yuan, to compensate for lower oil and gas revenues.
($1 = 70.31 roubles) (Reporting by Darya Korsunskaya; Writing by Alexander Marrow; Editing by Mark Trevelyan)

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