MOSCOW, March 6 (Reuters) - The Russian rouble firmed to
a one-month high against the dollar on Wednesday, ahead of two
treasury bond auctions by the finance ministry and as the market
looked ahead to congressional testimony from U.S. Federal
Reserve Chair Jerome Powell.
At 0742 GMT, the rouble was 0.1% stronger against the dollar
at 90.40, its strongest since Feb. 6.
"The dollar-rouble pair is moving towards the lower boundary
of the 90-92.5 range, but it is unlikely to consolidate below
this support, given the approaching long weekend," Alor Broker's
Alexei Antonov said.
The Russian market will be closed on Friday for
International Women's Day.
The rouble had gained 0.5% to trade at 98.21 versus the euro
and firmed 0.4% against the yuan to 12.51
.
The Russian currency has now lost the support of month-end
tax payments that usually see exporters convert foreign currency
revenues to meet local liabilities. March tax payments are set
to be almost double those of February, according to Sber
Investments.
Brent crude oil, a global benchmark for Russia's
main export, was up 0.4% at $82.38 a barrel.
Russian stock indexes were mixed.
The dollar-denominated RTS index was steady 1,148.2
points. The rouble-based MOEX Russian index was 0.2%
lower at 3,295.0 points.
For Russian equities guide see
For Russian treasury bonds see