[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