MOSCOW, July 5 (Reuters) - The Russian rouble traded
around 88 against the dollar on Friday and is likely to remain
under continued pressure from lower currency sales by exporters
after they completed their rouble tax payments.
Sanctions on the 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 on June 14, obscuring access to
reliable pricing for the Russian currency.
By 0735 GMT, the rouble was 1.1% higher at 88.00
against the dollar.
The average dollar-rouble mixed composite rate, calculated
by LSEG and based on data from international brokers and
counterparties, stood at 88.16.
The rouble has weakened for five sessions in a row,
coinciding with reduced foreign currency supply from exporters
who usually convert FX revenues into roubles to meet local
liabilities towards the end of each month.
Against the yuan, which had already become the most traded
foreign currency in Moscow before the latest sanctions were
imposed, the rouble lost 0.2% to 12.02, according to an analysis
of the OTC market.
It was up 0.4% at 95.82 against the euro.
Brent crude oil, a global benchmark for Russia's
main export, was down 0.2% at $87.60 a barrel.