Russia FX/Rates Snapshot - March 21, 2022. Sharp Drop in FX Swaps to Pressure Ruble
This morning, the ruble fell around 6% versus the dollar to reach the 110 mark in the offshore market, but it has held near 105 in the local market. It is quite possible that the ruble will continue to weaken in the foreign market. Nonetheless, we expect the local currency to hold steady near 105 in the domestic market.
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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