Markets

Russian rouble weaker vs dollar before central bank rate decision

Published March 13, 2015 Updated March 13, 2015 07:21am

1 min

By Parvez Jabri

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MOSCOW: The Russian rouble opened slightly weaker against the dollar on Friday, ahead of a central bank policy meeting later in the day at which the bank is expected to cut its main rate.

At 0706 GMT, the rouble was around 0.5 percent weaker against the dollar at 61.51 but gained 0.2 percent to trade at 65.04 versus the broadly weaker euro .

The central bank is seen cutting its key interest rate on Friday from its current level of 15 percent, a move potentially negative for the rouble's rate. The decision is due around 1030 GMT.

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