Russian firms cut forex loans, exposure in Oct -central bank

MOSCOW (Reuters) – Russian companies reduced their foreign currency loans by $7.4 billion last month and have also cut forex holdings on the accounts by $11.1 billion, the central bank said on Monday.

Since the start of this year, forex holdings by Russian companies are down by $28 billion, the central bank added.

(Reporting by Elena Fabrichnaya; Editing by Mark Heinrich)