Skip navigation
logo
(AFX UK Focus) 2008-10-31 07:24
Russia allows no FX swap operations for 2nd day
Article layout: raw

MOSCOW, Oct 31 (Reuters) - Russia's central bank set the daily limit on currency swaps at zero on Friday, effectively banning such operations for the second say in a row.
The daily limits were introduced last week in a bid to discourage speculators from betting on rouble depreciation.

(Reporting by Andrei Ostroukh, writing by Toni Vorobyova, editing by Robin Paxton) Keywords: RUSSIA SWAP/ tf.TFN-Europe_newsdesk@thomson.com ak

COPYRIGHT

Copyright Thomson Financial News Limited 2008. All rights reserved. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

Central banks
Macroeconomic stories, OECD reports
Foreign exchange
Article layout: raw
Jump back to site navigation