Russia to resume FX interventions with adjusted formula that could boost rouble

November 27, 2023

A Russian state flag flies over the Central Bank headquarters in Moscow, Russia, August 15, 2023. A sign reads: “Bank of Russia”. REUTERS/Shamil Zhumatov/File Photo Acquire Licensing Rights

Summary

Companies This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine

MOSCOW, Nov 27 (Reuters) – The Russian central bank said on Monday it would resume interventions in the domestic foreign exchange market from January, but with an adjusted formula that analysts said would likely support the rouble.…

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