DIRS.INFO The most relevant business & tech news

A view shows Russian rouble coins in this illustration picture taken March 25, 2021. REUTERS/Maxim Shemetov/IllustrationAug 9 (Reuters) - The rouble hit a more than 16-month low on Wednesday, hampered by strong foreign currency demand and limited supply, with Russia's shrinking trade surplus and widening budget deficit also hurting sentiment. By 1023 GMT, the rouble was 0.2% weaker against the dollar at 97.32 , earlier hitting 97.48, its weakest point since March 25, 2022. It has been under pressure all year from Russia's shrinking balance of trade, as export revenues fall and imports rebound, dropping around 28% year-to-date from levels near 70 to the dollar. Brent crude oil , a global benchmark for Russia's main export, was 0.7% higher at $86.80 a barrel.

Persons: Maxim Shemetov, Egor Zhilnikov, Alexey Antonov, Antonov, Alexander Marrow, Andrew Heavens, Sharon Singleton Organizations: REUTERS, Alor Broker, Brent, Thomson Locations: Alor

First Deputy Prime Minister Andrei Belousov said demand for foreign currency had increased sharply in about 15 regions. "The rouble in the cash market sold off sharply on Saturday with buy/offer spreads widening out substantially," said Goldman Sachs in a note. "Should the response to the events over the weekend be additional spending, we think this would be followed by a weaker rouble." Rouble opens at 15-month low vs dollarInvestors globally were watching for ripple effects from the aborted mutiny, with some expecting a move into safe havens such as U.S. government bonds and the dollar. The rouble-based MOEX Russian index (.IMOEX) was 1.2% lower at 2,762.5 points.

Persons: Yevgeny Prigozhin, Vladimir Putin's, Andrei Belousov, Belousov, Alexey Antonov, Goldman Sachs, Rouble, Alexander Marrow, Karin Strohecker, Kim Coghill, Ed Osmond Organizations: rouble, Alor Broker, Brent, Sinara Investment Bank, Thomson Locations: Russian, Russia, Rostov, Moscow, Voronezh, Lipetsk, Alor

June 26 (Reuters) - The Russian rouble hit its lowest in nearly 15 months against the dollar on Monday before paring some losses, as investors responded for the first time to an aborted mutiny by heavily armed mercenaries in Russia over the weekend. By 0727 GMT, the rouble was 0.5% weaker against the dollar at 85.15 , after hitting 87.2300 in early trade, its weakest point since late March 2022. With the rouble not trading over the weekend, Russian banks had offered exchange rates well above the official rate beyond 90 to the dollar, but those were gradually easing as tensions subsided. Rouble opens at 15-month low vs dollarInvestors globally were watching for ripple effects from the aborted mutiny, with some expecting a move into safe havens such as U.S. government bonds and the dollar. The rouble-based MOEX Russian index (.IMOEX) was 1% lower at 2,767.9 points.

Persons: Yevgeny Prigozhin, Vladimir Putin's, Alexey Antonov, Rouble, Brent, Sinara, Alexander Marrow, Kim Coghill Organizations: Sinara Investment Bank, Thomson Locations: Russian, Russia, Rostov, Moscow, Alor, Washington

Search resuls for: "Alexey Antonov"

3 mentions found