MOSCOW: The Russian rouble fell against the dollar on Tuesday, but edged up against the euro, as expectations of higher US interest rates pushed up the value of the dollar globally.
At 0805 GMT, the rouble was 0.3 percent weaker against the dollar at 66.99 but had gained 0.1 percent to 74.91 versus the euro.
Brent crude oil, a global benchmark for Russia's main export, was down 0.7 percent at $48 a barrel, reflecting the strengthening US dollar.
"Today the dollar is strengthening on all fronts," Instaforex analyst Igor Kovalev said in a note.
"Risk assets, including oil, are now highly vulnerable, because the US Federal Reserve is stubbornly preparing the market for a June rate rise."
Russia will price a sovereign Eurobond today, its first since Western sanctions were imposed on Russia because of the Ukraine crisis.
The 10-year bond is expected to see healthy demand from Russian investors but settlement complications and concerns about sanctions are likely to deter most Western investors.
Guidance has been set in a range of 4.65 percent to 4.90 percent, implying a premium of at least 50 basis points to the sovereign curve.
Russia's 2023 Eurobond was yielding 4.0 percent on Tuesday.
Russian share indexes edged higher after falling by over 1 percent on Monday.
The dollar-denominated RTS index was up 0.5 percent to 884 points, while the rouble-based MICEX was 0.6 percent higher at 1,880 points.
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