MOSCOW: The Russian rouble opened weaker on Tuesday, pricing in a decline in the oil price on Monday, when Russian markets were shut for a public holiday.
At 0705 GMT, the rouble was 0.5 percent weaker against the dollar at 66.25 and had lost 0.2 percent to trade at 75.41 versus the euro.
Russian markets were closed on Monday for Victory Day celebrations, while the price of benchmark Brent crude oil fell almost 4 percent on expectations US crude inventories would again build.
Brent staged a moderate recovery on Tuesday, rising 1.2 percent to $44.1 a barrel by 0705 GMT.
"It seems that the start of the week will be rather tough," Maxim Korovin at VTB Capital bank said in a note, pointing to Monday's fall in the oil price.
The Russian currency lost around 2 percent against the dollar last week but has been trading in a range of around 64-67 roubles per dollar for the past three weeks.
Russian share indexes also moved lower early on Tuesday.
The dollar-denominated RTS index was down 1 percent to 903 points, while the rouble-based MICEX was 0.1 percent lower at 1,899 points.
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