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 versus the [...]

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 purchase [...]

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 purchased US$13 [...]

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 previous [...]

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 global [...]

For the second time this week, and in response to strengthening oil prices, the Russian central bank (CBR) has shifted the lower band boundary of the rouble.
According to local dealers, the CBR has moved the rouble’s band to a position of 34.60 versus the dollar-euro basket following its purchase of US$700 million on the market. [...]

On Monday afternoon, the rouble strengthened to a position of 34.70 versus the dollar-euro basket, a gain of 10 kopeks on last week's close.
This rise can be attributed to a renewed interest in riskier assets, relatively strong crude oil prices and the final payment of monthly tax bills.
The rouble is kept in a floating corridor [...]

The recent rally of the Russian rouble came to a standstill this Friday, 26th February, as domestic companies were completing monthly tax payments and concern about the pace of global economic recovery put pressure on crude oil prices.
This morning, the rouble was trading at 34.84 versus the dollar-euro basket, four kopeks weaker than at close [...]

Today saw the rouble hit its strongest level of the year, closing in on the current boundary of the central bank's floating trading band on the back of higher oil prices and upcoming domestic tax payments.
Dealers have forecast that the regulator's boundary could be reached as early as tomorrow after the currency firmed as [...]

The Russian government’s finance ministry signaled on Friday that it was planning to continue financially supporting the Moscow region.
A statement from the ministry to journalists today suggested that more financial bailouts were on the cards for the indebted region, which was the greatest beneficiary of state financial aid in 2009.
The government has already spent 10 [...]