Russian CB keeps forex purchase low in August
SOCHI. Sept 2 (Interfax) - The Central Bank of Russia kept forex purchases low in August, CB First Deputy Chairman Alexei Ulyukayev told reporters.
"We bought hundreds of millions - not that much - in August," Ulyukayev said.
In other words, the Central Bank used the same tactics as in July, when it bought scaled forex purchases down to a 2010 monthly low of $464.3 million, from the $1.66 billion it bought in June. The CB bought $32.26 billion and EUR2.36 billion on the forex market in January-July 2010.