financetom
World
financetom
/
World
/
Russian rouble steadies, boosted by strong oil and upcoming taxes
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Russian rouble steadies, boosted by strong oil and upcoming taxes
Mar 20, 2024 1:15 AM

MOSCOW, March 20 (Reuters) - The rouble hovered near

92.5 to the dollar on Wednesday, steadying after a few volatile

sessions around Russia's presidential election and buttressed by

strong oil prices and the promise of upcoming month-end tax

payments.

At 0745 GMT, the rouble was 0.1% stronger against the dollar

at 92.60 and had lost 0.1% to trade at 100.72

versus the euro. It had firmed 0.1% against the

yuan to 12.82.

President Vladimir Putin secured a landslide election

victory last week, extending his rule by a further six years.

His win was condemned as unfair and undemocratic by Western

governments, but he was congratulated by China, India, North

Korea and others.

The Russian market is also looking ahead to a central bank

rate decision on Friday, with all 24 analysts polled by Reuters

expecting a hold at 16%.

Brent crude oil, a global benchmark for Russia's

main export, was down 0.4% at $87.02 a barrel. It reached its

strongest level since early November in the previous session.

Month-end tax payments that usually see exporters convert

foreign currency revenues to meet local liabilities should also

lend the rouble support.

Russian stock indexes were higher.

The dollar-denominated RTS index was up 0.3% to

1,114.4 points. The rouble-based MOEX Russian index was

0.3% higher at 3,275.6 points.

For Russian equities guide see

For Russian treasury bonds see

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
MORNING BID EUROPE-More pounding of yen as UK inflation data looms
MORNING BID EUROPE-More pounding of yen as UK inflation data looms
Mar 19, 2024
A look at the day ahead in European and global markets from Vidya Ranganathan A holiday in Japan is giving markets time to digest the BOJ's momentous monetary policy decision and to focus on the equally consequential Fed policy decision due Wednesday. Before that, there's German inflation data and the more intensely debated UK inflation numbers that markets reckon the...
Morning Bid: More pounding of yen as UK inflation data looms
Morning Bid: More pounding of yen as UK inflation data looms
Mar 19, 2024
A look at the day ahead in European and global markets from Vidya Ranganathan A holiday in Japan is giving markets time to digest the BOJ's momentous monetary policy decision and to focus on the equally consequential Fed policy decision due Wednesday. Before that, there's German inflation data and the more intensely debated UK inflation numbers that markets reckon the...
Russian rouble steadies, boosted by strong oil and upcoming taxes
Russian rouble steadies, boosted by strong oil and upcoming taxes
Mar 20, 2024
MOSCOW, March 20 (Reuters) - The rouble hovered near 92.5 to the dollar on Wednesday, steadying after a few volatile sessions around Russia's presidential election and buttressed by strong oil prices and the promise of upcoming month-end tax payments. At 0745 GMT, the rouble was 0.1% stronger against the dollar at 92.60 and had lost 0.1% to trade at 100.72...
SNAPSHOT-India stocks, rupee, swaps, call at 1:00 p.m. IST
SNAPSHOT-India stocks, rupee, swaps, call at 1:00 p.m. IST
Mar 20, 2024
MUMBAI, March 20 (Reuters) - STOCKS: The benchmark BSE Sensex rose 182.5 points, or 0.25%, to 72,194.55, while the broader NSE index gained 56.2 points, or 0.26%, to 21,873.65, ahead of the U.S. Federal Reserve's interest rate decision. RUPEE: The Indian rupee weakened 0.04% versus the U.S. dollar, and quoted at 83.08, tracking the rangebound price action in most of...
Copyright 2023-2026 - www.financetom.com All Rights Reserved