MOSCOW, Nov 22 (Reuters) - The Russian rouble weakened
further against the U.S. dollar on Friday after President
Vladimir Putin said Russia had struck a Ukrainian military
facility with a new medium-range, hypersonic ballistic missile.
At 0730 GMT, the rouble was down 0.7% at 102.00
against the dollar. The Russian currency was flat at 106.15 to
the euro, according to LSEG data. The rouble was up
0.3% against the yuan at 13.90 in trade on the Moscow stock
exchange.
The rouble's official exchange rate, set by the central
bank, broke through the 100 mark against the U.S. dollar this
week for the first time since October 2023, amid concerns of
further escalation in Russia's standoff with the West.
The rouble has been falling since the start of Ukraine's
incursion into Russia's Kursk region on Aug. 6 and has lost
about 20% in value to the dollar since then, based on LSEG data.
Western sanctions imposed on the Moscow Exchange (MOEX) and
its clearing agent, the National Clearing Centre, on June 12
stopped all trade in dollars and euros at MOEX.
The central bank sets its official dollar rate using
over-the-counter (OTC) trade data from banks. This tends to make
the exchange rate more opaque and volatile. The central bank set
the rouble exchange rate at 100.68 to the dollar.
One-day rouble-dollar futures, which trade on the Moscow
exchange and are a guide for OTC market rates, were up 0.25% at
101.29.
Brent crude oil, a global benchmark for Russia's
main export, was up 0.32% to $74.45 per barrel and was on track
for a weekly rise of more than 4%, as the Ukraine war
intensified.