MOSCOW, April 10 — The Russian rouble opened down today, continuing last week’s decline, which saw the currency hit lows unseen since April 2022, driven in part by demand for foreign currency amid sales of Russian assets by non-residents.
At 0830 GMT, the rouble was 0.59 per cent weaker against the dollar at 81.59 and had lost 0.22 per cent to trade at 89.10 versus the euro. It had shed 0.34 per cent against the yuan to 11.85.
In a note, Alexei Antonov, head of investment at ALOR Broker, said that though the rouble continued to look weak, and that its movement would largely depend on demand for foreign currency, the currency continued to appear “oversold”.
Brent crude oil, a global benchmark for Russia’s main export, was up 0.01 per cent at US$85.13 (RM375.5) a barrel.
Russian stock indexes were up.
The dollar-denominated RTS index was up 0.35 per cent to 978.05 points. The rouble-based MOEX Russian index was 0.94 per cent higher at 2,523.34 points. — Bernama
