Russia FX/Rates Snapshot - January 22, 2021
This morning, in line with EM peers, the ruble is trading slightly weaker at 74. Considering that Monday will see R400 bln in MET, we expect Russian exporters to be actively selling FX today in order to raise rubles for the tax bill. This may help the ruble hold around 74 even amid the usual elevated demand for FX going into the weekend.
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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