AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)
Markets

Russian rouble steadies near 73 vs dollar

  • The dollar-denominated RTS index was up 0.5% to 1,633.8 points
Published August 2, 2021

MOSCOW: The Russian rouble steadied near the 73 mark versus the US dollar on Monday, held back from significant growth by falling oil prices and limited risk appetite as the COVID-19 pandemic continued to hinder global economic growth.

At 0721 GMT, the rouble was 0.1% stronger against the dollar at 73.11 and was steady against the euro, versus which it was trading at 86.87.

"A slight depreciation of the rouble is possible against the backdrop of increased country risk and foreign investors' interest in assets from developed markets," said Promsvyazbank in a note.

Russian rouble falls to fresh six-month low vs dollar

But the active inflow of non-residents into OFZ treasury bonds was helping the rouble, said Dmitry Polevoy of Locko Invest.

The central bank increased its key rate sharply by 100 basis points last month. This sparked demand for OFZ bonds and a weekly inflow of foreign money into government papers reached its 2021 high.

Brent crude oil, a global benchmark for Russia's main export, was down 0.9% at $74.72 a barrel.

Russian stock indexes, which are attracting foreign investors due to high dividend yields, were rising.

The dollar-denominated RTS index was up 0.5% to 1,633.8 points.

The rouble-based MOEX Russian index was 0.6% higher at 3,792.3 points.

Shares in steel pipemaker TMK were up 5.8%, jumping for the second successive session after its board recommended a dividend of 17.71 roubles ($0.2422) per share on Friday for the first half of 2021.

Comments

Comments are closed.