Russian prime minister Vladimir Putin has revealed 36 billion roubles could be injected into regional employment programmes to help continue lifting industrial production in the country. According to the Itar-Tass news agency, Putin revealed details of 2010's draft federal budget at a meeting of the Presidential Council for Local Self Government this week. "It would [...]

The rouble's gains since the beginning of September surpassed ten per cent this week, as the currency set a 10-month high of 28.89 against the dollar. Analysts have attributed the rouble's continuing rally to investors' enthusiasm about cashing in on high oil prices and demand from exporters looking to pay month-end taxes. The central bank [...]

In the same month that Russia revealed it was looking into setting up a bilateral currency deal with China, the Press Trust of India has reported that India and Russia are considering returning to a rupee-rouble trade arrangement to end dependency on the dollar and step up economic interactions. Representatives for Russia's central bank claim [...]

As its policy to maintain gradual exchange rate fluctuations continues, Russia's central bank bought $700 million in the first minutes of trade today, before shifting its intervention level by five kopecks and allowing the rouble to scale fresh highs. The institution has been allowing the currency's floating corridor to move by 5 kopecks for each [...]

Amid another strong week for the rouble, Russian officials have revealed the country's industrial output for September was up 5.1 per cent from August. The government treated the news cautiously, noting that companies' finances need to improve and domestic demand must be revived to ensure the progress is sustainable. Andrei Klepach, Russia's deputy economy minister, [...]

The rouble continued its reversal of fortune this week, as Russia's central bank bought another $1.4 billion to keep the currency's appreciation gradual and pave the way for another strong week. Yesterday (8th October), the rouble closed at 35.92 against the euro-dollar basket – used by the central bank as a guide for its foreign [...]

Consumer confidence in Russia rose between July and September – news which sent the rouble surging against the dollar this week. The latest data from the Federal Statistics Service (FSS) show that consumer prices in the country increased 10.7 per cent year-on-year in September, compared to 15 per cent at the same time last year. [...]

Russia's central bank stepped in to curb the rouble's recent appreciation this week, spending a total of around $4 billion. Its aim has been to defend the currency around the 36.25 level against the euro-dollar basket the institution uses for guiding its foreign exchange policy. According to Reuters, the rouble finished 36.29 against the basket [...]

Russia's central bank hopes to limit rouble appreciation after buying more than a billion dollars, in the same week as lending rates were cut for the seventh time since April. Analysts claim the drop by 50 basis points to 10 per cent illustrates that the country is more concerned with economic growth than inflation, with [...]

High interest rates and improvements in the Russian economy have boosted the rouble's attractiveness, according to Barclays Capital. Reuters reports on the contents of a research note from Barclays analysts, which dismisses previous suggestions of a fresh bout of devaluation for the rouble during the autumn months. "We had been cautious, opting to stay out [...]