MOSCOW, June 18 (Reuters) - The Russian rouble
strengthened in the over-the-counter (OTC) and the interbank
market on Tuesday, in trading now characterised by wide spreads
after new U.S. sanctions that forced Russia's leading exchange
to halt dollar and euro trading last week.
The sanctions on Moscow Exchange and its clearing
agent, the National Clearing Centre (NCC), ultimately led to a
range of varying prices and spreads as trading moved OTC on June
14, obscuring access to reliable pricing for the Russian
currency.
The rouble was 1.2% higher at 85.94 by 0759 GMT, according
to a Reuters analysis of the OTC market. The euro was up 1.3% at
92.15.
The restrictions on dollar and euro trading have provoked
sales of foreign currency for roubles, boosting the Russian
currency, which is also buttressed by capital controls, interest
rates at 16% and Russia's strong current account surplus.
The yuan, which was already the most traded currency with
the rouble in Moscow, firmed 1.2% to 11.81.
An indication of the wide spreads, the difference between
buying and selling prices, available was the central bank's
official dollar-rouble rate set at 89.05 for Tuesday, calculated
based on OTC trading.
On the interbank market, where liquidity can be low and
major Russian banks that have been sanctioned by the United
States cannot participate, the rouble traded at 87.20 against
the dollar.
Brent crude oil, a global benchmark for Russia's
main export, was down 0.1% at $84.15 a barrel.
(Reporting by Alexander Marrow; Editing by Shinjini Ganguli)