Russia's Central Bank buys forex worth 19.06 bln rubles

Russia’s Central Bank bought foreign currency worth 19.06 billion rubles on June 25 as it resumed its forex purchases for the state reserves, the bank said.

The Russian Finance Ministry would allocate 310.3 billion rubles or an average of 16.3 billion rubles per day for forex purchases between June 7 and July 4, Interfax reported.

The Russian central bank stepped up daily purchases of foreign currency on February 1. These purchases will increase daily forex purchases under the fiscal rule by 2.8 billion rubles.