World Markets

Russian rouble edges up as tax payments begin

Reuters

Moscow, April 15 () - The Russian rouble firmed on Monday, supported by the start of local month-end tax payments.

At 0745 GMT, the rouble was 0.23 percent stronger against the dollar at 64.21 , having briefly touched 64.05 in early trading, a level not seen since March 26.

The Russian currency also gained 0.06 percent to trade at 72.66 versus the euro .

Tax payments, which begin on Monday and run until the end of the month, usually prompt export-focused companies to convert foreign currency to meet local liabilities.

"The dollar/rouble rate will probably try to break through the level of 64.0 during the week," the Rosbank analysts said.

Oil prices slipped but held near the previous session's five-month high. O/R

Brent crude oil , a global benchmark for Russia's main export, was down 0.22 percent at $71.39 a barrel.

Russian stock indexes rose.

The dollar-denominated RTS index was up 0.45 percent at 1,259.04 points. The rouble-based MOEX Russian index was 0.27 percent higher at 2,566.44 points.


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