Domestic attention is focused on Russia's central bank, which will set interest rates on Friday. The regulator has previously signalled it will weigh up hiking rates in the coming months. Analysts polled by Reuters widely expect the bank to hold its key interest rate at 7.5% before possibly hiking the cost of borrowing later this year. Russia's stock markets were mixed during morning trading. The dollar-denominated RTS index was down 0.2% to 951.8 points, while the rouble-based MOEX Russian index was up 0.1% to 2,272.6. For Russian equities guide see For Russian treasury bonds see (Reporting by Jake Cordell; Editing by Andrew Heavens)
March 14 (Reuters) - The Russian rouble dipped slightly
at the start of trading on Tuesday, but held on to most of the
strong gains it made against the U.S. dollar in Monday's
session.
At 0725 GMT, the rouble was down 0.3% against the dollar at
75.22 . It was up 0.2% against the euro , trading at 80.32, and down 0.1% against the
Chinese yuan to 10.94 .
The Russian currency hit its strongest level against the
dollar since the start of March on Monday, as the greenback came
under pressure from fears of a spillover banking crisis
following the collapse of Silicon Valley Bank.
Currency interventions are also providing some support to
the rouble, as Russia is selling 5.4 billion roubles ($72
million) a day of Chinese yuan between March 7 and April 6 to
compensate for lower oil and gas revenues.
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