Russia FX/Rates Snapshot - March 11, 2022. Ruble Finding a New Equilibrium
This morning, the ruble is stable near USD/RUB 135 in the offshore OTC market. We expect the local currency to continue trading near 120 in the local market and maybe 10-15 rubles above this offshore. There is not much of interest on the macro calendar today. The key releases are the March reading of the University of Michigan's consumer sentiment index and inflation expectations from the US.
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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