MOSCOW (Reuters) -Russia will increase its support of the rouble with higher net sales of foreign currency in September, according to new figures released by the Finance Ministry on Wednesday.
The ministry said it would increase its foreign currency sales to 1.4 billion roubles ($17.32 million) a day from September 5 to October 6, up from 0.3 billion roubles previously.
That will see it sell 31.5 billion roubles of foreign currency over the same period, compared with 6.2 billion roubles the previous month.
The move will increase the state’s overall daily net forex sales, which combine forex operations by the ministry and the central bank, to 10.34 billion roubles a day from September 5 from 9.24 billion roubles a day previously.
The central bank buys and sells forex to ensure a steady