MOSCOW: The Russian rouble was mixed early on Monday, gaining slightly against the dollar but falling against the euro, as the U.S. currency fell on global markets and oil prices weakened.
At 0725 GMT, the rouble was 0.1 percent stronger against the dollar at 64.88 but had lost 0.4 percent to trade at 69.08 versus the euro.
The dollar fell by around 0.5 percent against a basket of currencies on Monday as investors reversed a "Trumpflation" trade that has gripped markets since the U.S. presidential election.
Brent crude, a global oil benchmark, was down 0.8 percent at around $46.9 a barrel on doubts over the ability of major oil producers to agree output cuts at a planned meeting on Wednesday.
Analysts said the Nov. 30 OPEC meeting in Vienna would probably be the main driver for Russian assets this week, since it would determine the trajectory for prices for oil, Russia's main export.
"Volatility in oil prices could noticeably rise in advance of the talks in Vienna, which could be reflected both in moves on the Russian stock market and in the national currency," Promsvyazbank analysts said in a research note.
Russian share indexes were slightly lower on Monday, adding to losses on Friday.
The dollar-denominated RTS index was down 0.2 percent to 1,016 points, while the rouble-based MICEX was also 0.2 percent lower at 2,093 points.
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