Last Updated :
28 January 2010 at 17:45 IST
Russia’s gold, Forex reserves dip by $5.8 billion
MOSCOW (Commodity Online): Russia’s
Gold and foreign-exchange reserves for the first time in this year fell by $5.8 billion to $435.6 billion in the week ended January 22, said Central Bank.
Reserves rose $500 million to $441.4 billion in the previous week. After reaching a record high of $597.5 billion in August 2008, reserves sank dramatically in late 2008 and early 2009 as the central bank spent more than $200 billion to support the struggling ruble.
Trade sitting at the comfort of home. Start with a mere 50$In recent months however, Russia has sold rubles to moderate the currency's appreciation. Russia holds the world's third-largest
Gold and foreign exchange reserves after China and Japan.
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