Sberbank - Russia FX/Rates Snapshot - August 24, 2021. Ruble Still Has Room to Climb

Report

Sberbank

Alisa Zakirova ...

Igor Rapokhin
Yuri Popov

Russia FX/Rates Snapshot - August 24, 2021. Ruble Still Has Room to Climb

There are few important scheduled events today. We expect the elevated demand for FX in the local market to be met by increased FX selling by Russian exporters who will be raising rubles to pay an upcoming tax bill. We thus think the ruble might manage to strengthen to 73.6.

24/08/2021 4 EN

Provider

Sberbank

Sberbank CIB Investment Research is a research firm offering equity, fixed income, economics, and strategy research. It covers analysis on all aspects of Russia’s capital markets, issues and industries. The firm analyzes trends in Russia and combines local knowledge with a global perspective. It processes macroeconomic data, market and company-specific news, stock quotes and other information for providing research reports. The firm provides details and latest prices on the most traded names and most traded paper on all segments Russian market. In strategy research, it provides thematic research, tips and descriptions of the methodology used to evaluate companies.

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Analysts

Alisa Zakirova

Igor Rapokhin

Yuri Popov

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Russia FX/Rates Snapshot - August 24, 2021. Ruble Still Has Room to Climb

Russian Consumer - Unemployment and Income: The Outlook for 2022

Russian Banks - What We Know at This Stage

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