March 21 (Reuters) - The Russian rouble strengthened on
Tuesday, helped by an increased foreign currency supply as
exporters prepare to make tax payments, and optimism about the
Russian economy amid the backdrop of Chinese President Xi
Jinping's visit to Moscow.
At 0740 GMT, the rouble was 0.35% stronger against the U.S.
dollar at 76.89 and had gained 0.4% to trade at
82.36 versus the euro . It had firmed 0.28%
against the yuan to 11.61 .
Bogdan Zvarich, chief analyst for banki.ru, said in a note
that the rouble would on Tuesday attempt to regain some of the
losses it posted last week, fuelled by exporters selling foreign
currency to make tax payments. "As a result, by the end of the
day, the dollar/rouble pair may retreat below 77 roubles and
consolidate under this mark", he said.
Brent crude oil , a global benchmark for Russia's
main export, was down 1.10% at $72.98 a barrel.
Russian stock indexes were down slightly.
The dollar-denominated RTS index was down 0.11% to
978.07 points. The rouble-based MOEX Russian index was
0.25% lower at 2391.16 points.
For Russian equities guide see For Russian treasury bonds see (Reporting by Felix Light; Editing by Varun H K)
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