MOSCOW: The Russian rouble weakened against the dollar at the market opening on Monday but was stable versus the euro, reflecting moves on global currency markets as oil prices were slightly lower.
At 0736 GMT, the rouble was 0.2 percent weaker against the dollar at 62.33 but was broadly flat versus the euro at 69.66.
Brent crude oil, a global benchmark for Russia's main export, was down 0.1 percent at $51.89 a barrel over doubts that a plan to cut output by the world's largest crude producers would rein in global oversupply.
Analysts at VTB Capital said crude prices would probably stay around current levels until more details of planned production cuts emerge at the Organization of the Petroleum Exporting Countries meeting on Nov. 30.
"Overall, we think the rouble is going to remain broadly stable in the 62-65 (roubles per dollar) range in the coming weeks, unless crude dips below $45 per barrel," they wrote in a note.
Russian share indexes were lower on Monday.
The dollar-denominated RTS index was down 0.1 percent to 1,000 points, while the rouble-based MICEX was less than 0.1 percent lower at 1,979 points.
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