Rouble News

Stronger oil prices give rouble a boost

Feb 6th, 2013 | By | Category: Rouble News

The rouble has enjoyed a boost as a result of stronger oil prices, with investors looking to alternative markets due to political concerns in Europe. Russia’s currency saw a steady decline in value against the US dollar over much of 2012 as the currency sought to find its place in a changing market. However, it [...]



Helsinki sees rush of roubles

Jan 23rd, 2013 | By | Category: Rouble News

An increasing number of overseas retailers are starting to recognise the value of accepting roubles as a form of payment. Finland in particular has a troubled history with its neighbour, but it is embracing the possibilities that Russian tourism can bring. High-end department store Stockmann in the capital Helsinki, for example, has started to accept [...]



Russia offers significant investment opportunities

Sep 12th, 2012 | By | Category: Rouble News

The Russian market could offer investors a number of interesting opportunities if they know where to look. Famed investor Jim Rogers has recently stated that the market could in fact be undervalued as not everyone is aware of the progress being made under President Vladimir Putin. While Putin has a questionable reputation regarding corruption within [...]



Rouble plummets amid low oil prices and market turmoil

May 23rd, 2012 | By | Category: Rouble News

The Russian rouble and stocks plummeted today (Wednesday, May 23rd) amid drops in oil prices and turbulent market conditions. At 13:00 GMT, the rouble was off 1.2 per cent against the dollar to RUB31.56 according to data from Dow Jones, while the Micex index was down nearly three per cent to 1263.88. The rouble rate [...]



Russian government bonds to 'attract billions'

Mar 22nd, 2012 | By | Category: Rouble News

The release of Russian rouble government bonds is expected to attract billions in foreign cash by 2014. The government is hoping to encourage serious Western institutional investors by conducting an overhaul of the country's domestic bond market. A significant part of this will be to enable locally-issued treasury bonds – or OFZs – to be [...]



Mixed outlook for Russian economy

Dec 13th, 2011 | By | Category: Rouble News

Russia's economic outlook appears somewhat mixed in the closing weeks of 2011 as GDP predictions show impressive improvements, but the global financial climate looks set to hold things back. Third quarter data from the Moscow-based Federal Statistics Service revealed that the economy grew at its fastest pace in more than a year, thanks largely to [...]



Rouble hits two-year low

Sep 27th, 2011 | By | Category: Rouble News

The Russian rouble has fallen to a low not seen in more than two-years, driven down by continued economic instability and the resignation of finance minister Alexei Kudrin. The official exchange rate fell to 32.46 roubles to the dollar, while the euro exchange also dipped slightly to reach 43.45 roubles. Kudrin's resignation this week (26 [...]



Rouble hits nine-month low

Sep 20th, 2011 | By | Category: Rouble News

The Russian rouble hit a nine-month low against the US dollar yesterday (Monday, 19 September) as oil prices suffered. By midday, the currency was also struggling against the euro-dollar basket after weakening 1.7 per cent to 36.37, Reuters reported. In addition to weak oil prices, capital investment cap in slightly below analysts' forecasts, which may [...]



Rouble slides against US dollar

Sep 13th, 2011 | By | Category: Rouble News

The rouble slid to its weakest level against the US dollar yesterday since the first trading day of the year. Data from Reuters revealed that the Russian currency stood at 30.31 versus the dollar at opening trade on Monday (12 September). By 06:09GMT, the rouble had dropped by a further 1.1 per cent to reach [...]



Rouble hit by Libyan conflict

Aug 23rd, 2011 | By | Category: Rouble News

The rouble has weakened against the US dollar following the conflict in Libya between Muammar Gaddafi and the rebel forces. At the close of play in Moscow yesterday (22 August, 19:00 local time), the rouble has lost 0.2 per cent to the dollar after gains of 0.7 per cent in the preceding week. However, against [...]