March 17, 2020 / 1:43 PM / 21 days ago

Russia's FX market is balanced for now, rouble resilient - first deputy PM

MOSCOW, March 17 (Reuters) - Russia’s foreign exchange market remains balanced for now and the rouble remains resilient, First Deputy Prime Minister Andrei Belousov said on Tuesday.

Russia began selling foreign currency last week, the central bank’s first foreign currency intervention in five years, as the rouble hit four-year lows amid the coronavirus outbreak and plunging oil prices. (Reporting by Darya Korsunskaya; Writing by Alexander Marrow; Editing by Alex Richardson)

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