The rouble firmed versus the dollar and weakened against the euro on Friday, pricing in a recovery in risk sentiment that boosted stocks and commodity-driven currencies. The rouble had been battered by a sharp fall in oil prices on Thursday after the International Energy Agency said it would release 60 million barrels of oil over 30 days, but it has since recovered some ground as risk appetite improved. It was also supported by month-end tax payments.
Kremlin aide Arkady Dvorkovich said the IEA move to release oil supplies onto the market was unlikely pose risks to Russia, but it could result in "small fluctuations" in the rouble. Against the dollar, the rouble firmed 0.25 percent to 28.17, finishing trading on the MICEX exchange 100 kopecks off its strongest level since late 2008 hit in May. Versus the euro, the rouble weakened 0.35 percent to 40.13 and was unchanged at 33.54 versus the basket, used by the central bank to monitor the currency market.
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