MOSCOW, Aug 26 (Reuters) - The rouble gained against the
dollar on Tuesday in anticipation of approaching month-end tax
payments, when exporters usually sell their foreign currency
earnings to meet local liabilities, that support the Russian
currency.
At 0900 GMT, the rouble was up 0.55% at 80.25 to the
dollar, according to data compiled by LSEG based on
over-the-counter quotes.
The rouble was down 0.1% to 11.19 against China's yuan, the
most-traded foreign currency in Russia. On Monday, the rouble
hit a low for this month against the yuan, falling to 11.29.
Brent crude oil, a global benchmark for Russia's
main export, was down 1.02% at $68.07 per barrel, as traders
monitored potential disruption to Russian fuel supplies.
The rouble has been struggling against the backdrop of
geopolitical uncertainty and risks of a decline in export
revenues following Ukrainian attacks on Russian energy
infrastructure.
Russian corporations will make a single tax payment on
August 28, including a mineral extraction tax for July. Reuters
calculations show the tax for July oil production will amount to
roughly 575 billion roubles ($7.11 billion), compared to 543
billion roubles in June.
($1 = 80.8455 roubles)