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Russia cuts currency sales to $3.5 bln in September

Posted on 03 October 2013

Russia’s central bank reduced its currency market interventions by almost half last month, selling around $3.46 billion worth of foreign currency compared to $6.1 billion in August, data showed on Wednesday.
The central bank sold $3.18 billion in dollars and 200 million euros. The rouble firmed by 1.5 percent versus a euro-dollar basket during September, as investors scaled back bets on a near-term cut in official Russian interest rates, and took account of the postponed tapering of U.S. monetary stimulus………………………………………..Full Article: Source


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