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Russian rouble gains against dollar in light holiday trade
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Russian rouble gains against dollar in light holiday trade
Jan 6, 2025 12:56 AM

Jan 6 (Reuters) - The Russian rouble strengthened

against the dollar on Monday, recovering from a dip the previous

week, in light trade as Russia marks a public holiday until Jan.

9.

One-day rouble/dollar futures, which trade on the Moscow

Exchange and are a guide for the over-the-counter exchange rate,

were up 0.9% to 100.53 by 0831 GMT. The Russian central bank's

last official exchange rate was set at 101.68.

On the interbank market, the rouble was climbing 2.7%

to 107.50, regaining ground after slumping to a near three-year

low of almost 115 last Thursday, when the currency was not

traded in Moscow.

Sanctions on Moscow Exchange and its clearing agent, the

National Clearing Centre (NCC), led to a range of varying prices

and spreads as trading shifted to the over-the-counter (OTC)

market in June 2024, obscuring access to reliable pricing for

the Russian currency.

The rouble gained 0.9% to 13.67 against China's yuan on

Moscow Exchange trading.

Brent crude oil, a global benchmark for Russia's

main export, was down 0.4% at $76.17 a barrel.

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