AGL 38.00 No Change ▼ 0.00 (0%)
AIRLINK 213.91 Increased By ▲ 3.53 (1.68%)
BOP 9.42 Decreased By ▼ -0.06 (-0.63%)
CNERGY 6.29 Decreased By ▼ -0.19 (-2.93%)
DCL 8.77 Decreased By ▼ -0.19 (-2.12%)
DFML 42.21 Increased By ▲ 3.84 (10.01%)
DGKC 94.12 Decreased By ▼ -2.80 (-2.89%)
FCCL 35.19 Decreased By ▼ -1.21 (-3.32%)
FFBL 88.94 No Change ▼ 0.00 (0%)
FFL 16.39 Increased By ▲ 1.44 (9.63%)
HUBC 126.90 Decreased By ▼ -3.79 (-2.9%)
HUMNL 13.37 Increased By ▲ 0.08 (0.6%)
KEL 5.31 Decreased By ▼ -0.19 (-3.45%)
KOSM 6.94 Increased By ▲ 0.01 (0.14%)
MLCF 42.98 Decreased By ▼ -1.80 (-4.02%)
NBP 58.85 Decreased By ▼ -0.22 (-0.37%)
OGDC 219.42 Decreased By ▼ -10.71 (-4.65%)
PAEL 39.16 Decreased By ▼ -0.13 (-0.33%)
PIBTL 8.18 Decreased By ▼ -0.13 (-1.56%)
PPL 191.66 Decreased By ▼ -8.69 (-4.34%)
PRL 37.92 Decreased By ▼ -0.96 (-2.47%)
PTC 26.34 Decreased By ▼ -0.54 (-2.01%)
SEARL 104.00 Increased By ▲ 0.37 (0.36%)
TELE 8.39 Decreased By ▼ -0.06 (-0.71%)
TOMCL 34.75 Decreased By ▼ -0.50 (-1.42%)
TPLP 12.88 Decreased By ▼ -0.64 (-4.73%)
TREET 25.34 Increased By ▲ 0.33 (1.32%)
TRG 70.45 Increased By ▲ 6.33 (9.87%)
UNITY 33.39 Decreased By ▼ -1.13 (-3.27%)
WTL 1.72 Decreased By ▼ -0.06 (-3.37%)
BR100 11,881 Decreased By -216 (-1.79%)
BR30 36,807 Decreased By -908.3 (-2.41%)
KSE100 110,423 Decreased By -1991.5 (-1.77%)
KSE30 34,778 Decreased By -730.1 (-2.06%)
Markets

Rouble at two-week lows as talk of new sanctions in sight

MOSCOW: The Russian rouble weakened to a two-week low versus the dollar on Thursday, pricing in risks of more sancti
Published July 19, 2018

MOSCOW: The Russian rouble weakened to a two-week low versus the dollar on Thursday, pricing in risks of more sanctions against Moscow and a recent slide in oil prices.

The rouble was 0.4 percent weaker at 63.22 versus the dollar  as of 0736 GMT after briefly hitting 63.30, the level last seen on July 5.

Against the euro, the rouble shed 0.1 percent to 73.41 .

"Sentiment in the Russian exchange market remained vulnerable, as sanction talk is back in headlines. On top that, it should not be forgotten that oil has lost some 8 percent month-to-date," analysts at VTB Capital said in a note.

Sanctions targeting key Russian economic sectors would kick in swiftly if U.S. authorities determined the Kremlin had meddled again in a U.S. election, a bill gaining momentum in the Senate showed on Wednesday.

Prices for oil, Russia's key exports, also put pressure on Russian assets. Brent crude oil futures were down 0.8 percent at $72.31 a barrel, having fallen from levels above $79 seen last week.

Russian stock indexes were down. The dollar-denominated RTS index slid 0.6 percent lower to 1,137.5, while the rouble-based MOEX Russian index was 0.4 percent lower at 2,285.1 points.

Copyright Reuters, 2018

Comments

Comments are closed.