Ruble stays stable in October, deposits grow
In October 2025, foreign currency sales by exporters rose to $8.2 billion, returning to the 2025 average, while the demand for foreign currency barely changed. As a result, the ruble exchange rate remained within the range of fluctuations recorded over the past six months.
The amount of redemptions of foreign currency-denominated bonds was higher in October than the amount of offerings. In these conditions, people increased foreign currency purchases and investment in foreign currency deposits.
Furthermore, in October, individuals demonstrated higher demand for ruble deposits, as compared with the previous two months: according to preliminary estimates, the inflow of funds into deposits totalled ₽722 billion over the month.
More details are available in the new issue of the Financial Market Risks Review.