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Russia Plans to Buy Marginally Less FX and Gold Than Expected in Oct-Nov

RUSSIA
  • RUSSIAN FINMIN TO BUY RUB15.1B/DAY WORTH OF FX OCT. 7 - NOV. 8
  • Russian Finance Ministry plans to buy foreign currency and gold worth 317.6b rubles ($4.37b) from Oct. 7 through Nov. 8, according to statement
  • This amount at RUB 317.6bn ($4.37bn) comes in lower than the median forecast of RUB 335bn ($4.6bn) from 6 banks surveyed
  • Ministry expects oil and gas revenue will exceed budget plan by 275.3b rubles in Oct
  • Sept. oil and gas revenue was 42.3b rubles more than forecast
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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