Russia FX/Rates Snapshot - March 16, 2022. Ruble Liquidity Deficit in Offshore Market Supporting Ruble
Yesterday, the ruble strengthened around 3.5% in the domestic market and gained a foothold around 110 versus the dollar, while in offshore OTC trading it gained 14% to reach 105 (having broken below the 100 mark at one point). Thus, the spread between the domestic and offshore markets has dropped to minus 5 rubles, down from the positive spread of 10-15 rubles seen for most of the past couple of weeks.
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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