MOSCOW: Russia's rouble edged lower early on Wednesday, in line with weaker oil prices and low trading volumes.
At 0712 GMT, the rouble was 0.2 percent weaker against the dollar at 66.76 and at 70.90 versus the euro , less than 0.1 percent down.
Brent crude oil, a global benchmark for Russia's main export, was down 0.5 percent at $44.2 a barrel.
"The oil factor continues to dominate, shaping the rouble's dynamics for the last several sessions," Maxim Korovin, a forex analyst at VTB Capital, said in a note.
"With the end of the tax period, trading flow has declined and remained subdued this week." Korovin noted that turnover on the Moscow Exchange was only $3.3 billion on Tuesday.
Russian share indexes were mixed on Wednesday, with only slight movement.
The dollar-denominated RTS index was down 0.1 percent to 838 points, while its rouble-based peer MICEX traded 0.2 percent higher at 1,776 points.
Comments
Comments are closed for this article.