The Russian rouble edged up in subdued trading on Wednesday, reversing a recent losing streak as international oil prices found more stable ground after a recent slide. At 0930 GMT, the rouble was 0.2 percent stronger against the dollar at 65.72 and up 0.1 percent at 72.55 versus the euro. International oil benchmark Brent was down 0.2 percent at around $48.70 per barrel, but settled on a narrow range.
"Notwithstanding rather volatile trading, Brent seems to have settled within the $48.50-48.70 barrel for now," Sberbank CIB analysts said in a note. "This, along with the lack of strong conviction in the local market, should help the rouble find some stability in the near term."
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