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Markets

Rouble edges further down as Ukraine fears linger

Published Updated

imageMOSCOW: The Russian rouble weakened further on Tuesday morning but at a gentler pace than in previous days, while Russian stock indexes were mixed, as investors remained worried about new Western sanctions over Ukraine.

At 0655 GMT the rouble was 0.09 percent weaker against the dollar at 37.34, down 0.15 percent at 49.01 versus the euro, and 0.08 percent weaker at 42.59 against the dollar-euro basket.

The rouble hit a record low of 37.51 against the dollar on Monday as investors worried about the prospect of fresh Western sanctions against Russia.

This followed steep falls in the rouble and Russian stocks last week after Western governments accused Russia of direct military intervention in eastern Ukraine.

On Tuesday stock indexes were mixed and little changed overall.

The dollar-denominated RTS index was down 0.18 percent to 1,176 points, while its rouble-based peer MICEX traded 0.05 percent higher at 1,393 points.

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