For individuals: Internet bank
Select your city:

VTB Bank call center

+7 (800) 200-77-99
+7 (495) 739-77-99
For general information and enquiries

RUB: down again

Yesterday, RUB lost near 2.4% against USD (54.46). The FX market opened a little stronger on the back of CBR’s changes to FX repo as well as verbal interventions, but lost the ground around noon. Meanwhile, the Brent crude oil price slipped 1.0% to 69 USD/bbl, but as we have highlighted before, crude oil volatility (unless it is a sharp move) has not impacted RUB performance. The key issue is the misbalance between the price of USD and RUB liquidity. Separately, the EM FX index weakened 0.10-0.15% against USD: BRL was the main drag, as it slipped 1.5% vs. USD, while other EM currencies traded in the black or flat. Hence, ZAR and TRY ended 0.2-0.3% stronger yesterday.
Maxim Korovin, Tatyana Zueva
VTB Capital analyst


Back to the list

VTB group news subscribe
  • E-mail subscribe
  • RSS lent
Download the list of cities.....