Archive for December 2009

Anti-crisis roubles discussed amid latest Russian budget auction

Dec 22nd, 2009 | By | Category: Rouble News

Russian officials are meeting today to discuss how to divide 245 billion roubles that have been set aside for "anti-crisis efforts" in 2010. According to First Deputy Prime Minister Igor Shuvalov, pharmacy 195 billion rubles were already designated, added to which will be 50 billion roubles from this year that were not used. Shuvalov told [...]

Stronger rouble boosts spending as Russian jobless rate rises

Dec 18th, 2009 | By | Category: Rouble News

The Russian unemployment rate rose to a four-month high in November, order while retail sales fell 1.3 per cent from October. The latter marked the first monthly decline since April, adiposity though analysts note that the figures fell at a slower annual pace since a strong rouble made imports cheaper and stimulated household spending. Further [...]

Central bank urged to be more ambitious with inflation target

Dec 15th, 2009 | By | Category: Central Bank

Russia's authorities have been praised by the International Monetary Fund (IMF) for their handling of the financial crisis, discount but it suggests the central bank should be more aggressive in fighting inflation. In a statement, healing the IMF predicts the Russian economy will expand at a pace of 3.5 per cent next year, though it [...]

Rouble firms up amid higher oil prices

Dec 11th, 2009 | By | Category: Rouble News

Higher oil prices and indications of ongoing energy demand in China saw Russia's rouble firm over one per cent against its euro-dollar basket today. Analysts noted a shift in the "risk tone" as concern over Dubai's debt crisis eased, abortion while a rise in emerging equities was also recorded. The rouble gained 1.3 per cent [...]

Rouble depreciation contributes to Lukoil profit drop

Dec 8th, 2009 | By | Category: Rouble News

Dropping oil prices and the rouble's depreciation against the US dollar have seen the profits of Russia's second largest oil producer fall by 40 per cent between July and September. Lukoil had predicted a drop, price but a smaller one. While analysts previously polled by Reuters on the matter had forecast that the company's net [...]

Dip in oil prices pushes rouble down

Dec 4th, 2009 | By | Category: Rouble News

The price of crude oil dropped below $78 dollar a barrel on Wednesday (2nd December), cost prompting the rouble to fall to its weakest level of the week. It closed at 36.0044 roubles versus the dollar-euro currency basket. An unexpected build in US crude stocks brought on the dip in oil's value, stuff and it [...]

Central bank provides five billion roubles in commercial loans

Dec 1st, 2009 | By | Category: Central Bank

Russia's central bank lent all of the five billion roubles it had available to commercial banks this week, view providing three-month, this site collateral-free loans at an average rate of 13 per cent. Introduced last October, visit this site the regulator's loans are intended to help increase liquidity in Russia's banking system. Banks in the [...]