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Russian rouble gains against dollar in light holiday trade

ReutersJan 6, 2025 8:44 AM

- The Russian rouble strengthened against the dollar on Monday, recovering from a dip the previous week, in light trade as Russia marks a public holiday until Jan. 9.

One-day rouble/dollar futures, which trade on the Moscow Exchange and are a guide for the over-the-counter exchange rate, were up 0.9% to 100.53 by 0831 GMT. The Russian central bank's last official exchange rate was set at 101.68.

On the interbank market, the rouble RUB= was climbing 2.7% to 107.50, regaining ground after slumping to a near three-year low of almost 115 last Thursday, when the currency was not traded in Moscow.

Sanctions on Moscow Exchange and its clearing agent, the National Clearing Centre (NCC), led to a range of varying prices and spreads as trading shifted to the over-the-counter (OTC) market in June 2024, obscuring access to reliable pricing for the Russian currency.

The rouble gained 0.9% to 13.67 against China's yuan on Moscow Exchange trading.

Brent crude oil LCOc1, a global benchmark for Russia's main export, was down 0.4% at $76.17 a barrel.

(Reporting by Alexander Marrow; Editing by Ed Osmond)

((alexander.marrow@thomsonreuters.com;))

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