The effects on the credit profiles of Moody's rated Russian corporates would be positive to neutral under the scenario of a sustained 10% drop in the rouble to around RUB 36.
This consideration comes against the backdrop of a weakening of the rouble on March 3 to RUB 36.
86 roubles to the dollar - set before official trading was frozen on Tuesday - exchange booths were offering about 10 roubles to the dollar.
A man who gave his name as Sasha, who plays in an orchestra, lined up to buy roubles carrying his cello on his back.
It was the first time the Central Bank had taken such action during the current crisis, indicating the government was giving up efforts to stem the fall of the rouble
The drop was due to foreign exchange losses as a result of the rouble weakening -- amounting to a 55 billion rouble forex loss on its debt obligations in the second quarter, compared with an 11 billion roubles loss in the first.
Adjusted free cash flow stood at 35 billion roubles in the second quarter, Rosneft said, slightly ahead of the first quarter.
As we demonstrate in this note, the rouble has maintained a rather tight correlation with the oil price over approximately the past 10 years.
Rouble appreciation bodes well for rouble-denominated bonds.
The source told Interfax Belarus needed the Russian loan to have enough roubles
inside the country to guarantee timely payments for Russian imports.
The impact of the exchange rate of the rouble
will be bad.
The state-run organization s revamp measures such as infrastructure upkeep and improvements along with initiatives to augment the speeds of passenger train inserted Roubles
58bn further to outlay.