|
Russian actions in Ukraine, which Moscow calls "a special
military operation", remained in focus, along with a risk of new
western sanctions and expectations that the economy is heading
for its sharpest contraction since 1994.
At 0749 GMT, the rouble was little changed at 79.77 against the
dollar, after rallying to 71 last week, which was its strongest
since Nov. 11.
Against the euro, the rouble rose 0.2% to 86.04.
The rouble eased this week after the central bank scrapped a 12%
commission for buying foreign currency through brokerages and
promised to lift a temporary ban on selling foreign exchange
cash to individuals from April 18.
But the rouble retains support from export-focused companies
that are obliged to convert 80% of their forex revenues on the
domestic market.
On the bond market, yields on 10-year OFZ treasury bonds
declined slightly to 10.74% from a record high of 19.74% seen on
March 21 after a nearly month-long trading hiatus.
The finance ministry, which has suspended borrowing on domestic
and external markets this year, is due to pay coupons on three
OFZ series on Wednesday.
Stock market indexes inched higher, with the rouble-based MOEX
Russian index rising 0.3% to 2,547.6 points. The
dollar-denominated RTS index was 0.1% higher at 1,005.9 points.
Shares in Rosbank, a Russian subsidiary of French bank Societe
Generale, have again outperformed the market, adding 10% after
rising by around 40% a day on Monday and Tuesday.
Rosbank shares rallied after Societe General said it would quit
Russia and take a 3 billion euro ($3.25 billion) income hit from
selling Rosbank to Interros Capital, a firm linked to Russian
oligarch Vladimir Potanin.
($1 = 0.9229 euros)
(Reporting by Reuters)
[© 2022 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
