Finance & Stock Market News

Russia daily c.bank swap limit at 10 bln roubles

Tue, 2nd Dec 2008 07:29

MOSCOW, Dec 2 (Reuters) - Russia set the daily limit for currency swap operations with the central bank at 10 billion roubles ($357.9 million) on Tuesday, the same as in the previous trading session.

Limits on how much foreign currency banks can swap for roubles in the central bank were introduced from Oct. 20 in a bid to hinder currency speculators. Operations which do not involve the central bank are unaffected. ($1=27.94 Rouble) Keywords: RUSSIA SWAP/

(Moscow Newsroom, +7495 775 12 42, moscow.newsroom@reuters.com)

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