The balances at correspondent accounts of Russian commercial banks increased significantly as of the beginning of business today. This rise was 15.8bn rubles (about $497m) in Russia and 13.6bn rubles ($428m) in Moscow and the surrounding region. Experts called this rise the most significant since January 4, which was almost a month ago. As a result, the balances amounted to almost 92bn rubles ($2.89bn) in Russia and about 58bn rubles ($1.82bn) in Moscow as of January 30.
Analysts linked an increase in the volume of free ruble resources on the market to the policy of the Central Bank, which conducted large-scale ruble interventions for a rather long time already, thus supporting high ruble liquidity at domestic commercial banks.
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