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MOSCOW, February 2, /TASS/ The Bank of Russia sold $5 million through the Finance Ministry on January 29, according to the website of the regulator.
However, the Bank of Russia itself did not hold any foreign exchange interventions to smooth the exchange rate fluctuation.
Prior to January 29, the bank did not sell any currency through the Finance Ministry.
The Russian currency came under strong pressure in Moscow trade on Friday, falling past the psychologically important level of 70 rubles to the dollar after the regulator unexpectedly took a decision to cut the key rate to 15%. The regulator’s decision did not coincide with a consensus forecast of analysts and bankers who expected the key rate to stay unchanged amid persistently high inflationary and devaluation expectations.
On Monday the dollar rose against the ruble by 13 kopecks to 69.04, euro rose by 67 kopecks to 78.64 rubles, at the opening of the Moscow Stock Exchange.