Comprehensive up-to-date news coverage

HomeNewsRuble settles near 60 vs dollar, shares fall

Ruble settles near 60 vs dollar, shares fall

Published on

Follow us on Google News for latest updates and information.

News Tech: MOSCOW, Aug 24 (Reuters) – The rouble eased on Wednesday but still traded near 60 against the dollar as it retained some support from month-end tax payments that prompt export-focused firms to step up conversion of foreign currency, while stock indexes inched lower.

“The dollar-rouble pair has been in a relatively narrow 57-61 range for almost a month and a half. The rouble has stopped strengthening and the pair seems to have momentarily reached a supply and demand equilibrium,” said Mikhail Biryukov, chief analyst at Alfa Capital.

At 0737 GMT, the rouble was 0.3% weaker against the dollar at 60.10 and eased 0.2% to 59.69 to the euro .

Year-to-date, the rouble has become the world’s best-performing currency as a result of capital controls that Russia imposed after beginning what it calls “a special military operation” in Ukraine on Feb. 24.

The market will pare some of its heavy 2022 losses by the end of the year and the MOEX index will climb to 2,500 points, a Reuters poll showed on Wednesday. read more

To reach the level, the index needs to break through a technical resistance level of 2,270 points, Sinara Investment Bank said. For Russian equities guide see

For Russian treasury bonds see RegisterReporting by Andrey Ostroukh; Editing by Emelia Sithole-Matarise

Source: Reuters Trust Principles.

Learning Tips!

Loading RSS Feed

Latest articles

55 Afghan Sikhs, Hindus reach Delhi: MP Vikramjit Singh

News Tech: The ”last batch” of 55 Afghan Sikhs and Hindus landed in...

Magic’s Fultz broke his left big toe before camp opened

News Tech: ORLANDO, Fla. (AP) — Markelle Fultz has a broken left big...

Wanted criminal arrested after encounter with police

News Tech: A criminal wanted in half-a-dozen criminal cases in Gautam Buddh Nagar...

Chief Cong Warring hails Punjab governor for bringing AAP government to ‘constitutional senses’

News Tech: Punjab Congress chief Amrinder Singh Raja Warring on Sunday hailed Governor...

More like this

55 Afghan Sikhs, Hindus reach Delhi: MP Vikramjit Singh

News Tech: The ”last batch” of 55 Afghan Sikhs and Hindus landed in...

Magic’s Fultz broke his left big toe before camp opened

News Tech: ORLANDO, Fla. (AP) — Markelle Fultz has a broken left big...

Wanted criminal arrested after encounter with police

News Tech: A criminal wanted in half-a-dozen criminal cases in Gautam Buddh Nagar...

Chief Cong Warring hails Punjab governor for bringing AAP government to ‘constitutional senses’

News Tech: Punjab Congress chief Amrinder Singh Raja Warring on Sunday hailed Governor...

The Courbit-led group is offering 20 euros per share for the M6 ​​stake, Bloomberg reports

News Tech: Sept 25 (Reuters) – French media mogul Stephane Courbit and his...

A fire broke out at the world’s largest produce market in Paris

News Tech: PARIS (AP) — A billowing column of dark smoke towered over...

Kozhikode boy meets Kerala CM over loan repayment harassment

News Tech: Unable to bear the grief of his debt-ridden family and the...

Petrol bomb attack: Two SDPI officials arrested

News Tech: Two Social Democratic Party of India (SDPI) functionaries were arrested on...

Polish club cancels Roger Waters concerts after Ukraine comments

News Tech: WARSAW, Sept 25 (Reuters) – Concerts by Pink Floyd co-founder Roger...

Britain still seeks negotiated solution with EU over Northern Ireland, PM says

News Tech: LONDON, Sept 25 (Reuters) – Britain is still seeking a negotiated...

Rihanna Rocks Thigh High Boots & Mini Get Cozy With A$AP Rocky At Afterparty: Photo

News Tech: Rihanna looked incredible and smitten when she and A$AP Rocky were...

Boat capsizes in Bangladesh carrying Hindu devotees to historic temple; 24 killed, several missing: Official

News Tech: A boat carrying Hindu devotees to centuries-old Bodeshwari Temple capsized in...

Iran condemns US support for ‘rioters’

News Tech: DUBAI, Sept 25 (Reuters) – U.S. support for “rioters” is contrary...

NHPC’s 2,000 mw Subansiri dam was partially damaged by floods

News Tech: A guard wall at the powerhouse of the NHPC’s much-delayed 2,000...

Elton John Teary after performing at the White House and accepting the medal from President Joe Biden

News Tech: Elton John said he was “flabbergasted” after being awarded a surprise...

Post Malone Hospitalized After Canceling Boston Show And Revealing He’s ‘Having Trouble Breathing’

News Tech: Prayers up for Post Malone. The rapper revealed he’s having health...

Fed Can Avoid ‘Deep Pain’ in Fighting Inflation, Bostic Says

News Tech: WASHINGTON, Sept 25 (Reuters) – Atlanta Federal Reserve President Raphael Bostic...

Sonego defeats Bublik at Moselle Open to claim first title in 2022

News Tech: METZ, France (AP) — Lorenzo Sonego clinched his first title of...