Russia to resume FX interventions with adjusted formula that could boost rouble


Source: reuters.com reuters.com

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A Russian state flag flies over the Central Bank headquarters in Moscow, Russia, August 15, 2023. A sign reads: "Bank of Russia". REUTERS/Shamil Zhumatov/File Photo Acquire Licensing Rights Summary Companies This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Nov 27 (Reuters) - The Russian central bank said on Monday it would resume interventions in the domestic foreign exchange market from January, but with an adjusted formula that analysts said would likely support the rouble. The central bank in August stopped buying foreign currency until the end of the year to...