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Bank of Russia bought $160 mln on domestic market on July 27 to replenish int'l reserves

July 29, 2015, 10:33 UTC+3 MOSCOW
TASS reported earlier the Bank of Russia started performing regular foreign exchange buying operations on the domestic currency market since May 13, 2015 for this purpose
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MOSCOW, July 29. /TASS/. The Bank of Russia bought foreign currency on the Russian domestic currency market on July 27 in the amount of about $160 mln to replenish international reserves, the regulator said on Wednesday.

The Bank of Russia also purchased $200 mln on the domestic currency market a day earlier.

TASS reported earlier the Bank of Russia started performing regular foreign exchange buying operations on the domestic currency market since May 13, 2015 for the purpose of replenishing international reserves. Such a decision was taken in connection with the normalized situation on the domestic currency market and is not aimed at maintaining a certain exchange rate level, the Central Bank said. The operations will be performed daily in the amount of $100-200 mln.

Purchases will be made uniformly throughout the trading day to minimize the impact on the exchange rate dynamics. The amount of operations may be adjusted in case of dramatic changes of the situation on the forex market, the Bank of Russia said.

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