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Russia to Buy RUB10.5bn/Day in FX from June-July

RUSSIA
  • RUSSIAN FINMIN TO BUY RUB10.5B/DAY WORTH OF FX JUNE 7 - JULY 6
  • ING were expecting a move from $1.7bn in May to $2.6bn (roughly RUB9-10bn/day)
  • this results in the change being either broadly in line with expectations or marginally above
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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