Russia FX/Rates Snapshot - March 14, 2022. CBR Increases Time Interval for Setting Official Exchange Rate
On Friday, the ruble stabilized in the USD/RUB 113-119 range on MOEX and ended up closing the day at 114, a gain of 3%. Spot trading volumes in USD/RUB and EUR/RUB climbed to $2.4 bln. In the offshore market, the ruble continues to trade about 15 rubles weaker than on the local exchange. The CBR has decided to extend the suspension of trading in OFZs for another week.
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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