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 Russian Central Bank Spends a Billion USD to Defend Rouble on October 3

The Russian central bank said on Monday it had spent the equivalent of 38.95 billion roubles ($980.7 million) in forex market interventions to defend the rouble on October 3.

Censor.NET reports this citing Reuters.

The central bank releases its interventions data with a two-day lag.

The rouble has been sliding on the falling oil price and broad risk aversion towards Russia because of its role in the Ukrainian crisis.

(1 US dollar = 39.7152 Russian rouble)

Read also: Russian Rouble Hits New All-Time Low at Over 40 Roubles for Dollar

 
 
 
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