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

FILE PHOTO: Policeman stands guard at main entrance to Bank of Russia in Moscow

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)