financetom
World
financetom
/
World
/
Russian rouble flat amid increased forex sales by state
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russian rouble flat amid increased forex sales by state
Jan 15, 2025 2:09 AM

MOSCOW, Jan 15 (Reuters) - The Russian rouble was flat

against the U.S. dollar and strengthened slightly against

China's yuan on Wednesday as net sales of foreign currency by

the central bank on the domestic market have increased.

The rouble was at 102.70 to the dollar at 0915 GMT,

unchanged from the previous day, over-the-counter market data

showed. The rouble strengthened 0.3% to 13.89 against the yuan

in trading on the Moscow Stock Exchange (MOEX).

The rouble has been weakening against the yuan, now the only

exchange-traded major foreign currency in Russia, following the

U.S. energy sanctions that targeted Russia's oil sales to China,

its major trading partner.

Under a complex scheme of market operations the central bank

buys and sells yuan, the only major foreign currency it can now

hold, increasing the net sales when necessary to ensure

sufficient supply of the currency on the market.

The net sales of the yuan have increased by almost one third

on Wednesday, providing support for the rouble and countering

the impact of the U.S. sanctions.

One-day rouble/dollar futures, which trade on MOEX and are a

guide for the over-the-counter exchange rate, were also flat at

103.65. The Russian central bank set the official exchange rate

at 103.44.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
CANADA STOCKS-TSX rises as commodity-linked shares advance
CANADA STOCKS-TSX rises as commodity-linked shares advance
Mar 17, 2025
(Updates with morning prices) By Nikhil Sharma March 17 (Reuters) - Canada's main stock index rose on Monday, led by gains in energy and mining shares, coupled with a slightly upbeat sentiment on Wall Street after U.S. economic data. The Toronto Stock Exchange's S&P/TSX composite index was up 0.54% at 24,686.59 points, setting it up for a second straight day...
European Equities Rise in Monday Trading; AstraZeneca to Acquire EsoBiotec for Up to $1 Billion
European Equities Rise in Monday Trading; AstraZeneca to Acquire EsoBiotec for Up to $1 Billion
Mar 17, 2025
11:58 AM EDT, 03/17/2025 (MT Newswires) -- The European stock markets were moving higher in Monday trading as The Stoxx Europe 600 rose 0.75%, Germany's DAX was up 0.61%, the FTSE 100 in London gained 0.58%, France's CAC 40 increased 0.50%, and the Swiss Market Index advanced 0.98%. In Italy, the consumer price index in February was up 0.2% compared...
European Equities Traded in the US as American Depositary Receipts Track Higher in Monday Trading
European Equities Traded in the US as American Depositary Receipts Track Higher in Monday Trading
Mar 17, 2025
11:00 AM EDT, 03/17/2025 (MT Newswires) -- European equities traded in the US as American depositary receipts kicked off the week higher late Monday morning, rising 1.12% to 1,433.84 on the S&P Europe Select ADR Index. From continental Europe, the gainers were led by pharmaceutical company Ascendis Pharma ( ASND ) and medical device maker EDAP TMS ( EDAP )...
Asian Equities Traded in the US as American Depositary Receipts Open Week Sharply Higher
Asian Equities Traded in the US as American Depositary Receipts Open Week Sharply Higher
Mar 17, 2025
10:35 AM EDT, 03/17/2025 (MT Newswires) -- Asian equities traded in the US as American depositary receipts started off the week sharply higher Monday morning, rising 1.3% to 2,246.1 on the S&P Asia 50 ADR Index. From North Asia, the gainers were led by automotive ecommerce platform Cango ( CANG ) and pet-focused retail company Boqii ( BQ ) ,...
Copyright 2023-2026 - www.financetom.com All Rights Reserved