OREANDA-NEWS From October 6 to November 7, the Ministry of Finance will allocate 398.72 billion rubles (equivalent to 18.12 billion rubles per day) for the purchase of currency and gold within the framework of the budget rule, the press service of the department reported. This is almost a third more than in September —October — then the Ministry of Finance bought currency and gold for 276 billion rubles (13.15 billion rubles a day).

In August, the Bank of Russia suspended the purchase of foreign currency on the domestic market as part of mirroring operations of the Ministry of Finance until the end of 2023. This was done to reduce the volatility of financial markets. In August, the ruble exchange rate fell to the lowest values since the spring of 2022. At the maximum, the dollar exchange rate exceeded 101 rubles, the euro exchange rate — 111 rubles. The authorities informally agreed with exporters that they would sell more foreign exchange earnings in order to increase the supply of currency, so they have not yet introduced mandatory control measures, Vedomosti wrote. After that, the ruble strengthened somewhat.