Bank of Russia denies report of FX purchases to stop rouble's strengthening

Bank of Russia denies report of FX purchases to stop rouble's strengthening

The Russian central bank denied the report that it had started purchasing foreign currency in order to stop the rouble's strengthening.

Earlier on Monday, it was reported that the Russian central bank had started purchasing foreign currency in order to stop the rouble's uncontrolled strengthening.

The Russian central bank denied the report, saying "this information does not correspond to reality."

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