The Bank of Russia purchased 9.3 billion rubles, equivalent to $121.57 million, in Chinese yuan on the domestic market with settlement on July 6, according to data published by the regulator.
This marks a significant escalation in the central bank's foreign exchange interventions, more than doubling the volume of the previous session.
3 billion rubles ($68 million) worth of yuan, while the session on June 29 saw purchases of 5.
The surge in yuan buying follows a series of smaller interventions earlier in the week.
On July 1, the central bank purchased 5.3 billion rubles ($68 million) worth of yuan, while the session on June 29 saw purchases of 5.5 billion rubles ($70.56 million).
The consistent and increasing volume of yuan acquisitions highlights the Bank of Russia's focus on managing the ruble's exchange rate and maintaining liquidity in the domestic currency market.
These interventions come as the Russian financial system continues to navigate complex external pressures, including sanctions and shifting trade dynamics.