AIRLINK 62.48 Increased By ▲ 2.05 (3.39%)
BOP 5.36 Increased By ▲ 0.01 (0.19%)
CNERGY 4.58 Decreased By ▼ -0.02 (-0.43%)
DFML 15.50 Increased By ▲ 0.66 (4.45%)
DGKC 66.40 Increased By ▲ 1.60 (2.47%)
FCCL 17.59 Increased By ▲ 0.73 (4.33%)
FFBL 27.70 Increased By ▲ 2.95 (11.92%)
FFL 9.27 Increased By ▲ 0.21 (2.32%)
GGL 10.06 Increased By ▲ 0.10 (1%)
HBL 105.70 Increased By ▲ 1.49 (1.43%)
HUBC 122.30 Increased By ▲ 4.78 (4.07%)
HUMNL 6.60 Increased By ▲ 0.06 (0.92%)
KEL 4.50 Decreased By ▼ -0.05 (-1.1%)
KOSM 4.48 Decreased By ▼ -0.09 (-1.97%)
MLCF 36.20 Increased By ▲ 0.79 (2.23%)
OGDC 122.92 Increased By ▲ 0.53 (0.43%)
PAEL 23.00 Increased By ▲ 1.09 (4.97%)
PIAA 29.34 Increased By ▲ 2.05 (7.51%)
PIBTL 5.80 Decreased By ▼ -0.14 (-2.36%)
PPL 107.50 Increased By ▲ 0.13 (0.12%)
PRL 27.25 Increased By ▲ 0.74 (2.79%)
PTC 18.07 Increased By ▲ 1.97 (12.24%)
SEARL 53.00 Decreased By ▼ -0.63 (-1.17%)
SNGP 63.21 Increased By ▲ 2.01 (3.28%)
SSGC 10.80 Increased By ▲ 0.05 (0.47%)
TELE 9.20 Increased By ▲ 0.71 (8.36%)
TPLP 11.44 Increased By ▲ 0.86 (8.13%)
TRG 70.86 Increased By ▲ 0.95 (1.36%)
UNITY 23.62 Increased By ▲ 0.11 (0.47%)
WTL 1.28 No Change ▼ 0.00 (0%)
BR100 6,941 Increased By 63.6 (0.92%)
BR30 22,802 Increased By 233 (1.03%)
KSE100 67,142 Increased By 594.3 (0.89%)
KSE30 22,090 Increased By 175.1 (0.8%)
Markets

Russian rouble steadies near 73 vs dollar

  • The dollar-denominated RTS index was up 0.5% to 1,633.8 points
Published August 2, 2021

MOSCOW: The Russian rouble steadied near the 73 mark versus the US dollar on Monday, held back from significant growth by falling oil prices and limited risk appetite as the COVID-19 pandemic continued to hinder global economic growth.

At 0721 GMT, the rouble was 0.1% stronger against the dollar at 73.11 and was steady against the euro, versus which it was trading at 86.87.

"A slight depreciation of the rouble is possible against the backdrop of increased country risk and foreign investors' interest in assets from developed markets," said Promsvyazbank in a note.

Russian rouble falls to fresh six-month low vs dollar

But the active inflow of non-residents into OFZ treasury bonds was helping the rouble, said Dmitry Polevoy of Locko Invest.

The central bank increased its key rate sharply by 100 basis points last month. This sparked demand for OFZ bonds and a weekly inflow of foreign money into government papers reached its 2021 high.

Brent crude oil, a global benchmark for Russia's main export, was down 0.9% at $74.72 a barrel.

Russian stock indexes, which are attracting foreign investors due to high dividend yields, were rising.

The dollar-denominated RTS index was up 0.5% to 1,633.8 points.

The rouble-based MOEX Russian index was 0.6% higher at 3,792.3 points.

Shares in steel pipemaker TMK were up 5.8%, jumping for the second successive session after its board recommended a dividend of 17.71 roubles ($0.2422) per share on Friday for the first half of 2021.

Comments

Comments are closed.