MOSCOW, Dec 2 (Reuters) - The rouble weakened slightly

against the U.S. dollar on Monday but remained largely stable

after a period of volatility last week following U.S. sanctions

on the Russian financial sector imposed on Nov. 22.

By 0900 GMT, the rouble was down about 1% at 107.50

against the dollar, according to over-the-counter quotes from

banks. It was also down about 1% at 14.61 against China's yuan

in trade on the Moscow Stock Exchange.

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

analysts described as panic buying of foreign currency following

the sanctions, but rebounded by around 2% on Nov. 29 after the

central bank stopped forex purchases.

Andrei Kostin, CEO of Russia's second largest lender VTB,

told Reuters in an interview on Monday that volatility was the

result of an emotional outburst and that he expected the

exchange rate to stabilise.

"In 2022, if you remember, the dollar reached up to 120

roubles. A correction is already happening, the dollar is

slightly above 100, and I think it will remain at this level,"

Kostin said.

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

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

rate, were up 1.3% at 107.43. The Russian central bank set an

official exchange rate at 107.31 to the dollar.