MOSCOW, Dec 4 (Reuters) - The Russian rouble was stable

against the U.S. dollar and other major currencies on Wednesday

after rebounding from 32-months lows reached last week after

U.S. sanctions imposed on Russia's financial sector on Nov. 22.

By 0730 GMT, the rouble was flat at 105.23 against

the dollar and 111.80 against the euro, according to

over-the-counter market data from banks. The rouble strengthened

against China's yuan by almost 1% in trade at the Moscow Stock

Exchange.

The market will be watching on Wednesday for policy clues

from statements by President Vladimir Putin and top economic

policy officials at an investment forum in Moscow, held by

second largest lender VTB.

VTB's CEO Andrei Kostin criticized the central bank's

hawkish monetary stance in an interview with Reuters ahead of

the forum, saying the current inflation rate did not require a

benchmark interest rate "three times this level".

The market is also expecting an announcement from the

Finance Ministry on its forex transactions plans for the coming

month. In response to the rouble's fall, the central bank

stopped its foreign currency purchases last week.

The rouble lost about 15% against the dollar in what many

analysts described as panic buying of foreign currency following

the U.S. sanctions on Russian banks, including Gazprombank,

which handles payments for Russia's energy trade with Europe.

Trade in dollars and euros moved to the over-the-counter

market after Western sanctions in June targeted the Moscow Stock

Exchange. The central bank sets an official exchange rate for

both currencies based on data directly supplied by banks.

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

Stock Exchange and are a guide for the over-the-counter exchange

rate, were down 1% to 104.10. The Russian central bank set an

official exchange rate at 106.19 to the dollar.