Fri, Oct 31, 2014
A A A
Welcome sandeep.kottawar@wns.com
RSS

Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Russia’s foreign reserves tumble $9.2 bln, most since May

Posted on 07 October 2011

Russia’s international gold and currency reserves declined for a fourth week, plunging $9.2 billion, the most since May, as Bank Rossii bought rubles, stepping up its defense of the currency.
The country’s reserves tumbled to a four-month low of $516.8 billion in the week to Sept. 30, the central bank said on its website today. The four-week decline of $26.6 billion is the steepest since January 2009, when Bank Rossii arrested a ruble devaluation. The ruble depreciated 10 percent against the dollar in September……………………………………….Full Article: Source

Podcast Play - Download this article   |   Play - Download Full Briefing   |   Subscribe to the Podcast Feed

 Article link

This post was written by:

VRS - who has written 15073 posts on Opalesque Sovereign Wealth Funds Briefing.


Contact the author

Comments are closed.

banner
October 2014
M T W T F S S
« Sep    
 12345
6789101112
13141516171819
20212223242526
2728293031