Capital inflow into Russian financial market continues in September
13 October 2021
News
Non-residents’ OFZ holdings hit their record high (3.3 trillion rubles). The Ministry of Finance reached its 2021 Q3 borrowing target as a result of high demand for OFZ bonds in the first half of September.
Households’ higher interest in the stock market contributed to an increase in their net on-exchange purchases of foreign currency compared to the previous year. However, individuals’ demand for foreign currency in exchange and OTC markets remains below the pre-pandemic level.
Further details are available in the new issue of the Financial Market Risks Review.
Preview photo: Alexandr Kuzminov / Shutterstock / Fotodom