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Russia’s Central Bank sells around $400 million in currency interventions on January 31

February 04, 2014, 12:41 UTC+3 MOSCOW
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MOSCOW, February 04. /ITAR-TASS/. Currency interventions of Russia’s Central Bank (CBR) have reached 14.07 billion rubles (around $400 million) on January 31, the CBR reported at its website on Tuesday.

CBR’s currency interventions have amounted to 64.27 billion rubles (around $1.83 billion) on January 30. This was the maximum amount of currency interventions since September 2011.

On January 31, the cost of the bi-currency basket made of €0.45 and $0.55 went up 12 kopecks to 40.72 rubles. Thus, the cost of the bi-currency basket remained within the currency band with its limits set within a range of 34.25-41.25 rubles in the course of the day. This factor allowed the CBR to reduce currency interventions as compared with the previous day.

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