Russian central bank says rouble weakness due to lower forex sales by exporters

HomeForex News

Russian central bank says rouble weakness due to lower forex sales by exporters

MOSCOW, April 10 (Reuters) - Russian exporters cut their sales of foreign currency during the first days of April, contributing to a significant weake

MOSCOW, April 10 (Reuters) – Russian exporters cut their sales of foreign currency during the first days of April, contributing to a significant weakening in the value of the Russian rouble in recent days, the central bank said on Monday.

The bank also said it had seen a significant jump in interest in the Chinese yuan – which is challenging the U.S. dollar as the most important foreign currency in Russia – with Russians buying 41.9 billion roubles worth of yuan in March, up from 11.6 billion during February. (Reporting by Elena Fabrichnaya; Writing by Jake Cordell; Editing by Jan Harvey)

finance.yahoo.com