Russia's Central Bank Spent $17Bln Fighting to Defend Ruble on Oct. 7
Oct. 09 2014 — 10:30
Russia's Central Bank said Thursday that it had conducted 17.66 billion rubles ($440 million) worth of forex interventions to defend the ruble on Oct. 7.
The Central Bank releases its interventions data with a two-day lag.
The ruble has been sliding on falling oil prices and broad risk aversion towards Russia because of its role in the Ukraine crisis.
