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Rouble

Rouble weakens
Business & Finance

Rouble weakens

MOSCOW: The Russian rouble weakened in light trade on Monday after the finance ministry said it would increase daily...
Published 06 Jul, 2021 03:48am
Rouble holds steady, markets awaits Russia's Eurobonds
Markets

Rouble holds steady, markets awaits Russia's Eurobonds

  • Against this backdrop, Russia picked three major banks to organise a Eurobond issue. The placement of euro-denominated bonds can take place this week, sources told Reuters.
  • "I think Russian sovereign Eurobond will be very well received," said Sergey Dergachev at UIP in Frankfurt, citing good credit quality and relatively low volatility.
Published 19 May, 2021 07:48pm
Rouble hits more than 1-month high after Russia hikes rates
Markets

Rouble hits more than 1-month high after Russia hikes rates

  • The central bank, which had been widely expected to raise rates to rein in high inflation due to the rouble's weakness, hiked it by a bigger-than-expected 50 basis points to 5%.
  • "It creates room for the undervalued rouble to rebound as heightened geopolitical risks are pared back in the near-term," said MUFG Bank in a note.
Published 23 Apr, 2021 07:50pm
Russian rouble pares losses as geopolitical risks linger
Markets

Russian rouble pares losses as geopolitical risks linger

  • Rouble was 0.4% stronger against the dollar at 77.09, moving away from its weakest level since Nov. 5 of 78.0450, which it touched last week.
  • The rouble decoupled recently from moves in other emerging markets as well as the price of crude oil, Russia's key export, as it was hammered by fears about the situation in Ukraine.
Published 12 Apr, 2021 05:47pm