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FX/gold reserves increase by USD 5.1bn to USD 274.2bn over Oct 27-Nov 3.

FX/gold reserves increase by USD 5.1bn to USD 274.2bn over Oct 27-Nov 3. CBR’s FX/gold reserves rose by USD 5.1bn to USD 274.2bn over Oct 27-Nov 3. Thus, the indicator saw a 1.9% w/w increase. The FX/gold reserves are now closer to their maximum level seen in mid-August. To remind you, Russia made an early PC debt repayment in late August, which caused USD 16.5bn w/w reserves drop to USD 258.5bn posted on Aug 25. Russia slowly continues to reduce the gap separating it from the world’s leaders in terms of FX/gold reserves, which are China and Japan . The USD saw a 10 kopeks drop against RUR over the week from 26.83 as of Oct 20 to 26.73 as of Nov 3. In the same period, the EUR appreciated against RUR from 33.93 to 34.08.

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