Rouble News

Rouble recovers upward trend

Apr 20th, 2010 | By | Category: Rouble News

The rouble continued on its upward trend today, recovering the losses of Monday, as oil prices and stock values strengthened and exporters prepared to make rouble tax payments. At 6.30am GMT, the rouble had strengthened by 8 kopecks to reach 33.67 against the euro-dollar basket, nearing the 16-month high of 33.60 that it hit last […]

Rouble is steady

Apr 13th, 2010 | By | Category: Rouble News

Having hit a new 15-month high on Monday, the rouble steadied in trading today. However, analysts predict that it is likely to strengthen again when monthly tax payments are due and by the upcoming roadshow for Russia’s Eurobond. Russian exporters are expected to convert their euro and dollar currency into roubles to meet tax payments […]

Rouble hits fresh high on Monday

Apr 6th, 2010 | By | Category: Rouble News

The Russian rouble reached a new 15-month high versus the euro-dollar basket on Monday. This was brought on by sturdy oil prices, which reached their highest levels in 18 months. At 6.40am GMT on Monday the rouble was trading at 33.75, nine kopecks up on Friday’s close, and its highest level since the latter part […]

Rouble falls after Moscow blasts

Mar 30th, 2010 | By | Category: Rouble News

The rouble came under pressure on Monday following two bomb blasts on the Moscow underground system, which sparked risk aversion amongst traders and increased demand for perceived safer assets, including dollars. The explosions happened during rush hour on two packed Moscow trains, killing at least 37 commuters and wounding 33. In early morning trading, the […]

Rouble at fresh high

Mar 26th, 2010 | By | Category: Rouble News

The rouble hit a fresh multi-month peak today, in line with its almost daily trend of doing so, in expectation of a rate cut by the Russian central bank. At 7.41 GMT, the currency was trading at 33.92 versus the euro-dollar basket, its highest level since the end of December 2008. This is only 2 […]

Oil price increase helps rouble recovery

Mar 23rd, 2010 | By | Category: Rouble News

With oil prices rising back above the US$80 mark today, the rouble recovered almost half of the losses it made on Monday. Dealers are warning, however, that it may take time for the currency to recover the same degree of momentum it has experienced recently. At 9am this morning, the rouble was trading at 34.14 […]

Russia moves rouble trading band for 20th time

Mar 19th, 2010 | By | Category: Rouble News

The Russian central bank shifted the rouble’s floating trading band for the 20th time in a month yesterday. Dealers said that this allowed the rouble to reach a new 14-month peak against the euro-dollar basket and the euro. The central bank moved the floating boundary to 34.00-37.00 roubles against the euro-dollar, from 34.05-37.05, following a […]

Rouble stays steady against euro-dollar basket

Mar 16th, 2010 | By | Category: Rouble News

The rouble has managed to stay stable on Tuesday against the euro-dollar basket, maintaining its recent 14 month high. It was trading at 34.28 against the euro-dollar basket today, compared to 34.20 at its peak yesterday. Over the past six weeks the rouble has achieved a mainly oil-fuelled rally. The country’s central bank (CRB) has […]

Rouble rallies again

Mar 12th, 2010 | By | Category: Rouble News

The Russian central bank (CBR) has moved the floating trading band for the rouble for the second time today and the 16th time since the middle of last month, allowing the rouble to rally to a new high. The latest shift by the CBR moves the band to 34.20-37.20 against the euro-dollar basket from its […]

Sberbank predicts 15-20 per cent growth for retail deposits

Mar 9th, 2010 | By | Category: Rouble News

Russia’s top lending institution, Sberbank, is forecasting growth of between 15 and 20 per cent in retail deposits for 2010 and predicts that deposit rates will continue to fall. Sberbank is a huge state-controlled financial institution, dating back to the Soviet era, and is reputed to be the safest bank in the country. Following the […]