AGL 40.18 Increased By ▲ 0.18 (0.45%)
AIRLINK 127.47 Increased By ▲ 0.43 (0.34%)
BOP 6.62 Decreased By ▼ -0.05 (-0.75%)
CNERGY 4.51 No Change ▼ 0.00 (0%)
DCL 8.55 No Change ▼ 0.00 (0%)
DFML 41.95 Increased By ▲ 0.51 (1.23%)
DGKC 87.60 Increased By ▲ 0.75 (0.86%)
FCCL 32.73 Increased By ▲ 0.45 (1.39%)
FFBL 65.21 Increased By ▲ 0.41 (0.63%)
FFL 10.30 Increased By ▲ 0.05 (0.49%)
HUBC 109.52 Decreased By ▼ -0.05 (-0.05%)
HUMNL 14.65 Decreased By ▼ -0.03 (-0.2%)
KEL 5.12 Increased By ▲ 0.07 (1.39%)
KOSM 7.51 Increased By ▲ 0.05 (0.67%)
MLCF 41.70 Increased By ▲ 0.32 (0.77%)
NBP 59.70 Decreased By ▼ -0.71 (-1.18%)
OGDC 193.85 Increased By ▲ 3.75 (1.97%)
PAEL 28.20 Increased By ▲ 0.37 (1.33%)
PIBTL 7.82 Decreased By ▼ -0.01 (-0.13%)
PPL 151.80 Increased By ▲ 1.74 (1.16%)
PRL 26.64 Decreased By ▼ -0.24 (-0.89%)
PTC 16.10 Increased By ▲ 0.03 (0.19%)
SEARL 84.90 Decreased By ▼ -1.10 (-1.28%)
TELE 7.70 Decreased By ▼ -0.01 (-0.13%)
TOMCL 35.35 Decreased By ▼ -0.06 (-0.17%)
TPLP 8.15 Increased By ▲ 0.03 (0.37%)
TREET 16.03 Decreased By ▼ -0.38 (-2.32%)
TRG 52.80 Decreased By ▼ -0.49 (-0.92%)
UNITY 26.37 Increased By ▲ 0.21 (0.8%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,957 Increased By 73.1 (0.74%)
BR30 30,925 Increased By 325.2 (1.06%)
KSE100 93,863 Increased By 507.1 (0.54%)
KSE30 29,091 Increased By 159.7 (0.55%)

Russia's finance ministry is expected to buy more foreign currency in May as oil prices rise, a Reuters poll showed on Thursday. The finance ministry is seen buying the equivalent of 300 billion roubles ($4.73 billion) between May 10 and June 6, up from the 240.7 billion roubles ($3.79 billion) it had planned to buy in the previous month, a survey of nine analysts and economists showed.
In daily terms, the finance ministry is expected to buy 15 billion roubles worth of foreign currencies between May 10 and June 6, up from 11.5 billion roubles it said it was planning to buy every day between April 6 and May 8. The ministry is on track to increase purchases of foreign currency after a recent rise in prices for oil, Russia's key exports, analysts at Raiffeisenbank said in a note.
The finance ministry, which started buying foreign currency early last year to beef up Russia's reserves, is expected to publish its FX purchasing plan on Monday, May 7.

Copyright Reuters, 2018

Comments

Comments are closed.