Market News
Russian finance ministry to increase deferred daily FX purchases - REUTERS
Dec 4 (Reuters) - Russia's finance ministry on Wednesday said it would increase the volume of its deferred foreign currency and gold purchases in the coming six weeks.
The purchases are deferred because the central bank last week stopped buying foreign currency until the end of the year to ease pressure on financial markets as the rouble tumbled to multi-month lows.
The deferred purchases will be carried out next year, the finance ministry said, with the central bank to determine how and when a resumption will be made.
