MOSCOW, May 8 (Reuters) - The Russian rouble
strengthened on Monday during a long holiday weekend in Russia,
helped by recovering oil prices.
At 0711 GMT, the rouble was 0.23% stronger
against the dollar at 77.20 and had gained 0.13% to trade at
85.35 against the euro .
The rouble soared on Friday, at one point gaining more than
2% on the day as it climbed to its highest against the dollar in
more than a month, ahead of the long weekend. Russia celebrates
Victory Day on May 9 marking the defeat of Nazi Germany in 1945.
Oil prices rose on Monday as fears of a recession in the
United States, which drove prices down for three straight weeks
for the first time since November, started receding.
Brent crude oil , a global benchmark for Russia's
main export, was up 0.94% at $76.01 a barrel.
Russian stock indexes were mixed. The dollar-denominated RTS
index was up 0.12% at 1,034.88 points. The rouble-based
MOEX Russian index was 0.11% lower at 2,535.51.?
(Reporting by Marina Bobrova; Editing by Emelia
Sithole-Matarise)
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