Russian rouble rebounds

MOSCOW: The Russian rouble jumped against the US dollar on Monday, surging away from a three-month low hit in early trade, helped by rising oil prices and the approaching end of a dividend payout period that tends to pressure the currency.

After sinking to 74.68 against the greenback in early trade, its lowest level in just shy of three months, the rouble was 1.4% stronger against the dollar at 73.42 by 1606 GMT.

It had gained 1.6% to trade at 86.25 versus the euro.

Russian stock indexes finished the day higher.

The dollar-denominated RTS index closed up 1.9% at 1,257.4 points. The rouble-based MOEX Russian index was 0.6% higher at 2,930.0 points.