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Russian rouble firms to 92 vs dollar with month-end taxes due
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Russian rouble firms to 92 vs dollar with month-end taxes due
Mar 28, 2024 1:16 AM

MOSCOW, March 28 (Reuters) - The Russian rouble

strengthened to 92 against the dollar on Thursday, supported by

a month-end tax period that usually sees exporters convert

foreign currency revenues to pay local liabilities.

At 0737 GMT, the rouble was 0.3% stronger against the dollar

at 92.02 and had gained 0.4% to trade at 99.51

versus the euro. It had shed 0.1% against the

yuan to 12.67.

"Today, exporters have to pay 2 trillion roubles ($21.73

billion) in taxes, and foreign currency sales on their part may

remain elevated, although they are likely to decline compared to

yesterday," said analysts from Sber CIB.

Brent crude oil, a global benchmark for Russia's

main export, was up 0.3% at $86.38 a barrel.

Russian stock indexes were higher.

The dollar-denominated RTS index was up 0.3% to

1,133.3 points. The rouble-based MOEX Russian index was

0.2% higher at 3,310.4 points.

For Russian equities guide see

For Russian treasury bonds see

($1 = 92.0325 roubles)

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