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Russian rouble weakens in thin holiday trade
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Russian rouble weakens in thin holiday trade
Jan 3, 2025 1:33 AM

Jan 3 (Reuters) - The Russian rouble weakened against

the dollar on Friday in thin trade as Russia is marking a public

holiday until Jan. 9.

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

Exchange and are a guide for the over-the-counter exchange rate,

were down 1% to 101.61 by 0858 GMT. The Russian central bank's

last official exchange rate was set at 101.68.

On the interbank market, the rouble was hovering at

110.50, recovering slightly after slumping to a near three-year

low of almost 115 in the previous session, when the currency was

not traded in Moscow.

Sanctions on 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 in June 2024, obscuring access to reliable pricing for

the Russian currency.

The rouble weakened 0.8% to 13.82 against China's yuan on

Moscow Exchange trading.

Brent crude oil, a global benchmark for Russia's

main export, was down 0.2% at $75.79 a barrel.

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