Markets

Russia's rouble opens stronger at market opening

Published April 6, 2015 Updated April 6, 2015 08:00am

1 min

By Parvez Jabri

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MOSCOW: The rouble opened stronger on Monday, tracking a rise in the price of oil, Russia's main export and a major driver behind the currency's performance.

At 0703 GMT, the rouble was about 0.1 percent stronger against the dollar at 56.62 and gained 0.3 percent to trade at 62.02 versus the euro.

Oil futures climbed more than $1 a barrel on Monday, after Saudi Arabia raised prices for crude sales to Asia for a second month.

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