BR100 Decreased By (-0.15%)
BR30 Decreased By (-0.74%)
KSE100 Decreased By (-0.41%)
KSE30 Decreased By (-0.67%)
BECO 5.80 Decreased By ▼ -0.23 (-3.81%)
BML 58.03 Increased By ▲ 5.28 (10.01%)
BOP 33.85 Decreased By ▼ -0.40 (-1.17%)
CNERGY 8.15 Decreased By ▼ -0.01 (-0.12%)
DCL 11.77 Decreased By ▼ -0.57 (-4.62%)
FCCL 53.35 Decreased By ▼ -0.54 (-1%)
FCSC 5.40 Increased By ▲ 0.18 (3.45%)
FFL 17.89 Decreased By ▼ -0.14 (-0.78%)
FNEL 1.31 Increased By ▲ 0.01 (0.77%)
HUMNL 11.06 Increased By ▲ 0.06 (0.55%)
KEL 8.05 Decreased By ▼ -0.06 (-0.74%)
KOSM 5.45 Increased By ▲ 0.07 (1.3%)
MLCF 87.19 Decreased By ▼ -0.86 (-0.98%)
NBP 184.60 Decreased By ▼ -1.88 (-1.01%)
PACE 11.62 Increased By ▲ 0.90 (8.4%)
PAEL 40.31 Increased By ▲ 0.37 (0.93%)
PIAHCLA 26.10 Decreased By ▼ -0.07 (-0.27%)
PIBTL 17.09 Decreased By ▼ -0.23 (-1.33%)
PPL 228.40 Decreased By ▼ -4.38 (-1.88%)
PRL 34.59 Decreased By ▼ -0.36 (-1.03%)
PTC 67.35 Decreased By ▼ -0.21 (-0.31%)
SEARL 91.00 Increased By ▲ 0.07 (0.08%)
SSGC 26.90 Decreased By ▼ -0.27 (-0.99%)
TELE 8.53 Decreased By ▼ -0.04 (-0.47%)
THCCL 66.14 Increased By ▲ 6.01 (10%)
TPLP 9.29 Increased By ▲ 0.53 (6.05%)
TREET 24.59 Increased By ▲ 0.05 (0.2%)
TRG 71.69 Decreased By ▼ -0.06 (-0.08%)
WAVES 10.98 Increased By ▲ 1.00 (10.02%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
Markets

Russian rouble dips after four-week high

Published January 17, 2019 Updated January 17, 2019 08:52am

MOSCOW: The Russian rouble followed the downward movement of emerging market currencies on Thursday, slightly weakening against the dollar after having reached a four-week high over high domestic demand a day earlier.

At 0735 GMT, the rouble was slightly weaker against the dollar at 66.49 and remained unchanged at 75.55 versus the euro.

The Russian central bank said on Thursday it had resumed forex purchases on January 15 after a five-month hiatus. It said foreign currency worth 15.6 billion roubles had been purchased on that day.

The Russian central bank had halted forex purchases in August when the rouble was especially volatile.

These operations, which restore daily downside pressure on the rouble, are not expected to disrupt the market balance, according to Alexei Zabotkin, head of the central bank's monetary policy department.

Many emerging market currencies edged down on Thursday, reflecting uncertainty over China's economic growth outlook and reminders of discord in Sino-U.S relations.

Brent crude oil, a global benchmark for Russia's main export, was down 0.4 percent at $61.09 a barrel, dipping slightly as U.S. crude production quickly approached an unprecedented 12 million barrels per day (bpd).

Russian stock indexes were slightly up.

The dollar-denominated RTS index was up 0.3 percent to 1,156.46 points. The rouble-based MOEX Russian index was 0.1 percent lower at 2,437.36 points.

Moscow-traded shares in Rusal were up 4 percent after a bid to keep U.S. sanctions on companies linked to Russian oligarch Oleg Deripaska, including aluminium firm Rusal, failed in the senate..

Copyright Reuters, 2019
 

Comments

Comments are closed for this article.