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Russia's currency interventions cross US$3b

Saturday, October 11, 2014 - 05:50

Moscow

RUSSIA'S currency interventions have exceeded US$3 billion this month as sanctions and an oil-price slump batter the ruble, boosting bets that policymakers will raise interest rates to stem the drop.

The central bank sold US$1.5 billion on Oct 8, according to data on its

sentifi.com

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