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Russian gdp

Russian rouble firms past 75 vs dollar, stocks climb
Markets

Russian rouble firms past 75 vs dollar, stocks climb

  • Rouble gained 0.4% to 74.88 against the dollar after a three-day weekend, heading towards its strongest level since March 22 of 74.19 touched last week.
  • The rouble is seen returning to the 74-75 range against the dollar this week, Locko Invest said in a note.
Published 04 May, 2021 05:11pm
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
Russia's GDP to return to pre-crisis levels by end-2021
Business & Finance

Russia's GDP to return to pre-crisis levels by end-2021

  • Monetary policy, which is currently soft with the key rate at a historic low of 4.25%, would become neutral as soon as the economy returns to its potential.
  • He added that inflationary expectations had not anchored yet. The central bank has said it expects inflation to peak at around 5.5% in February-March, above the 4% target.
Published 18 Feb, 2021 06:15pm