Rouble highest since Jan vs currency basket * Supported by strong oil prices, brighter econ prospects * Analysts say Russia moving towards free float (Adds Kudrin quotes, oil prices) By Toni Vorobyova and Denis Pinchuk MOSCOW/ST PETERSBURG, Oct 20 (Reuters) - Russia's central bank let the rouble scale fresh highs on Tuesday, shifting its intervention level, in a move that analysts said confirmed the country is gradually moving towards a free floating currency. The rouble has notched up seven consecutive weeks of gains versus a euro-dollar basket, propelled by strong oil prices, growing investor appetite for high-yielding emerging markets and signs the domestic economy is on its way out of recession. The central bank has regularly entered the market with foreign currency purchases, but has gradually been shifting its... [read full story]
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MOSCOW, Oct 20 (Reuters) - The Russian central bank likely moved its intervention level for a second time on Tuesday, dealers said, allowing the currency to set fresh high versus a euro-dollar basket. The rouble strengthened as...
By Toni Vorobyova and Denis Pinchuk MOSCOW/ST PETERSBURG, Oct 20 (Reuters) - Russia's central bank let the rouble scale fresh highs on Tuesday, shifting its intervention level, in a move that analysts said confirmed the country...
MOSCOW, Oct 20 (Reuters) - The Russian central bank bought $700 million in the first minutes of trade on Tuesday before moving its intervention level by 5 kopecks and allowing the rouble to scale fresh highs, dealers said. The...
Vladimir Putin, Energy Markets, Finance, Banking & Insurance, Investing & Markets, Executive Branch (Russia), Banking, Fuels Markets, Crude Oil Markets, Investing, Economy, Central Banking & Monetary Policy, Commodity Markets, Central Bank Interventions, Prime Minister of Russia, Government of the Russian Federation, Russia
