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[1/2] A view shows a Russian one rouble coin in front of a screen in this illustration picture taken August 22, 2023. REUTERS/Maxim Shemetov/Illustration/File photo Acquire Licensing RightsOct 5 (Reuters) - The Russian rouble weakened past 100 to the dollar to a more than seven-week low as President Vladimir Putin spoke on Thursday, hurt by reduced foreign currency supply from exporters early in the month. By 1535 GMT, the rouble was 0.7% weaker against the dollar at 100.30 , its weakest point since Aug. 14. The rouble has lost support of a favourable month-end tax period that usually sees exporters convert FX revenues to meet local liabilities. "But this will happen either in the second half of the month or when the exchange rate goes above 100 roubles per dollar," Antonov said.
Persons: Maxim Shemetov, Russian rouble, Vladimir Putin, Putin, Bogdan Zvarich, Alexei Antonov, Antonov, Alexander Marrow, Angus MacSwan, Paul Simao, William Maclean Organizations: REUTERS, Brent, Thomson Locations: Russian, Sochi, United States, Ukraine, Moscow, Alor
May 4 (Reuters) - The Russian rouble climbed to a more-than-one-month high on Thursday, gaining for a fifth straight session, as oil prices staged a partial recovery, countering the impact of reduced foreign currency supply. By 0923 GMT, the rouble was 1% stronger against the dollar at 78.44 , its strongest mark since April 3. The rouble has also benefited with a lag from high oil prices throughout April, which translates to higher export revenues for Russian exporters. Russian stocks are unlikely to see any serious buying interest before Russia's long weekend, said Sinara Investment Bank analysts. Geopolitics are partly to blame for Russian stocks' recent decline, while investors globally fear recession, hence the sustained drop in Brent, Sinara said.
Rouble pares early losses to hover around 61 to the dollar
  + stars: | 2022-11-22 | by ( ) www.reuters.com   time to read: +1 min
MOSCOW, Nov 22 (Reuters) - The Russian rouble hovered around 61 to the dollar after touching its lowest in nearly two weeks early on Tuesday, with pressure from oil market jitters countered by rouble buying to cover month-end tax payments. At 0714 GMT the rouble was down 0.1% against the dollar at 60.90 , having slid to 61.1950 earlier in the session for its weakest since Nov. 10. The rouble could strengthen towards the 60 mark during the session, said Bogdan Zvarich, chief analyst at Banki.ru. The rouble is supported by a month-end tax period in which exporters usually convert foreign exchange revenue into roubles to pay domestic liabilities. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow Editing by David GoodmanOur Standards: The Thomson Reuters Trust Principles.
Rouble edges lower after clipping over 2-week high vs dollar
  + stars: | 2022-11-08 | by ( ) www.reuters.com   time to read: +2 min
At 0805 GMT, the rouble was 0.2% weaker against the dollar at 61.13 , falling away from 60.8625, its strongest point since Oct. 21. "A correction on the energy market and a lower supply of foreign currency from exporters could put pressure on the rouble." The rouble-based MOEX Russian index (.IMOEX) was 0.6% lower at 2,195.0 points, earlier clipping 2,221.13 points, its strongest point since Sept. 20. The dollar-denominated RTS index (.IRTS) was down 0.9% to 1,130.9 points, down from an over five-week high. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow Editing by Gareth JonesOur Standards: The Thomson Reuters Trust Principles.
At 0741 GMT, the rouble was 0.9% stronger against the dollar at 61.53 and had gained 0.1% to trade at 60.95 versus the euro . Better-than-expected U.S. jobs data saw the dollar fall on Friday, when the Russian market was closed. "The Russian market is set for a neutral opening, though crude has every chance to drive the market higher," said BCS Global Markets in a note. The rouble-based MOEX Russian index (.IMOEX) was 0.9% lower at 2,176.2 points. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.
At 0738 GMT, the rouble was 0.4% weaker against the dollar at 61.50 and had gained 0.1% to trade at 60.69 versus the euro . The rouble has now lost the support of month-end tax payments, that usually see exporters convert foreign currency revenues to pay local liabilities. "Today in the course of trading we expect attempts by the rouble to recover its morning losses," said Banki.ru chief analyst Bogdan Zvarich. The rouble-based MOEX Russian index (.IMOEX) was 0.5% lower at 2,163.3 points, after hitting a near more than five-week high of 2,185.60 points on Tuesday. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow; Editing by Sherry Jacob-PhillipsOur Standards: The Thomson Reuters Trust Principles.
Russian rouble edges lower as month-end tax support passes
  + stars: | 2022-11-01 | by ( ) www.reuters.com   time to read: +2 min
At 0723 GMT, the rouble was 0.1% weaker against the dollar at 61.53 and had lost 0.3% to trade at 61.05 versus the euro . The rouble has now lost the support of month-end tax payments, that usually see export-focused firms convert foreign currency revenues to pay local liabilities. The rouble may attempt to weaken past 62 against the greenback, Banki.ru chief analyst Bogdan Zvarich said. The rouble-based MOEX Russian index (.IMOEX) was 0.7% higher at 2,182.8 points, earlier reaching its highest mark since Sept. 23. For Russian equities guide seeFor Russian treasury bonds seeReporting by Alexander Marrow; Editinjg by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.
Rouble hits multi-month low on Ukraine escalation fears
  + stars: | 2022-10-11 | by ( ) www.reuters.com   time to read: +2 min
By 1201 GMT the rouble was down 1.2% against the dollar at 63.44 after touching 63.9975 for its weakest since July 7. The rouble has been supported by capital controls and a collapse in imports since Western sanctions were imposed over Russia's actions in Ukraine and companies left the market in droves. Promsvyazbank analyst Yevgeny Loktyukhov pointed to escalation in Ukraine and a pullback in oil prices as a reason for the rouble's slide. Brent crude oil , a global benchmark for Russia's main export, was down 1.7% at $94.58 a barrel at 1200 GMT. Russian stock indexes, which were dragged sharply lower by Gazprom (GAZP.MM) in the previous session, were regaining some ground.
By 1409 GMT the rouble was down 2.1% against the dollar at 64.03 , its weakest since July 7. The rouble has been supported by capital controls and a collapse in imports since Western sanctions were imposed over Russia's actions in Ukraine and companies left the market in droves. Already blighted by Western sanctions, Russia's economy now faces a more self-inflicted blow, with President Vladimir Putin's military mobilisation drive threatening to undermine productivity, demand and recovery. Promsvyazbank analyst Yevgeny Loktyukhov pointed to escalation in Ukraine and a pullback in oil prices as a reason for the rouble's slide. Brent crude oil , a global benchmark for Russia's main export, was down 2.3% at $94.0 a barrel at 1410 GMT.
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