Russia's Finance Ministry increases daily foreign exchange purchases

Russia's Finance Ministry increases daily foreign exchange purchases

Russia's Finance Ministry said it would increase its daily purchases of foreign currency for state reserves to the equivalent of 11.5 billion rubles ($198.73 million) between April 6 and May 8.

The ministry said that total purchases for the upcoming period will be equivalent to 240.7 billion rubles, Reuters reported.

In the preceding period, between March 7 and April 5, the ministry's plan envisaged purchases of foreign currency in the amount of 192.5 billion rubles.

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