com, an online trading platform, said in terms of trade, one would expect a falling rouble
could weigh on imports of goods into Russia.
The creditworthiness of chemical companies would benefit the most from a weaker rouble
, as at least 50% of their revenues are in US dollars, while their cost bases are mainly in roubles
," said Denis Perevezentsev, a Moody's senior analyst.
While it would like to pursue a policy of giving the rouble
more freedom, the bank said that it was expecting the currency exchange rate to remain stable.
For the last two weeks, Russians have been queuing up to exchange their roubles
for dollars as the economy went into free-fall.
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
We are very pleased to play a role in bringing spot trading in the Russian rouble
to the global marketplace," said David Ogg, CEO, LavaFX.
3 billion roubles
, but it was a third of the 102 billion roubles
which Rosneft reported in the first quarter.
appreciation bodes well for rouble
Belarus, which accounts for almost 5 percent of Russian exports, devalued its rouble
by 20 percent on Jan.
Foreign currency exposures could, if the rouble
does not hold,
It has also reduced the amount of daily interventions for reducing rouble
volatility inside the corridor by US$100 million, and widened the range in the middle of the corridor where it carries out no interventions to 5.
Over the past two months, however, despite positive momentum in oil prices the rouble
has slumped, as capital outflows have dictated the rouble