Helped by preparations for local tax payments and a rise in oil prices, the Russian rouble hit a 10-week high against the dollar yesterday.
Oil prices, the rouble's main driver, held above $77 per barrel thanks to improving risk appetite and fears of disruptions in oil and gas operations in the Gulf of Mexico during [...]

A new trading platform allowing foreign investors to execute trades on the rouble-denominated Micex exchange without pre-depositing the cash or stock first, has been launched.
Otkritie, one of Russia's largest brokers, has launched the platform, which allows investors to trade using 'direct market access' (DMA), a means for them to get access to the exchange [...]

As part of the Russian post-crisis development programme, five billion roubles in subsidies are to be injected into small- and medium-sized businesses.
The announcement by Russia’s Prime Minister Vladimir Putin is part of an anti-crisis drive by the government.
Up to two billion roubles will be allocated to small innovation companies, while a further two billion roubles [...]

Instability in the euro zone has resulted in decreased demand for high-yielding currencies such as the rouble - but the Russian currency remains one of the stronger commodity currency choices.
After the weekend the rouble was down two kopecks to 34.57 when compared to the euro/dollar basket. Despite this, bank chiefs at ING Moscow say the [...]

The Russian central bank cut interest rates on Monday for the 14th time in 12 months and indicated that its foresees no further cuts at the present time, as the level should be correct for loans to be affordable and inflation to be contained.
Effective from Tuesday, the benchmark refinancing rate in Russia will be cut [...]

The rouble recovered on Monday due to stable oil prices, profit taking and local tax payments. However, market participants predict the currency’s volatility to continue in the midst of global financial issues.
Against the euro-dollar basket, the rouble gained 41 kopecks on Monday to 34.78. Against the dollar, the rouble was up 13 kopecks to 31.05 [...]

The International Monetary Fund (IMF) has predicted a modest recovery for the Russian economy next year, with growth of 3.5 per cent, but warned that credit expansion would be heavily pressurised by bad bank loans.
Russia came out of recession in the third quarter, with a growth rate of 0.6 per cent, quarter-on-quarter. The rouble is [...]

Europe’s aid package for Greece saw the rouble gain the most in more than four months when trading opened on Tuesday after a public holiday.
The Russian currency rose 0.6 per cent against the euro to 38.6000. The movements left the rouble at 33.9686 against the central bank’s target currency basket, which is used to manage [...]

The rouble strengthened versus the euro-dollar basket in early morning trading today, bolstered by strong oil prices.
At 6.23 GMT the rouble had risen by 6 kopecks against the euro-dollar basket to 33.49, only 9 kopecks away from the current presumed Russian central bank floating currency boundary. The central bank monitors the rouble’s shifts within a [...]

The rouble was stable in early trade on Tuesday, bolstered by a 16-month high versus the euro-dollar basket on Monday and strong oil prices.
At 6.40 GMT this morning, the rouble was trading at 33.46 versus the euro-dollar basket, little changed from yesterday’s close and very near the presumed intervention level of the Russian central bank.
As [...]