Central bank reserves policy pushes rouble into line with exporters’ forecasts

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Cars are parked outside the headquarters of the Bank of Russia in Moscow April 30, 2015. REUTERS/Sergei Karpukhin

Bank of Russia in Moscow April 30, 2015

The Russian central bank’s plan to buy foreign currency to build up its reserves has moved the rouble back towards levels assumed by the country’s largest exporters after a spike in its value earlier this year.

Read more at: http://www.reuters.com/article/2015/06/12/us-russia-cenbank-exporters-idUSKBN0OS0XJ20150612

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