Russia FX/Rates Snapshot - March 4, 2022. FX Market Stays Illiquid
The ruble remained highly volatile on the Moscow Exchange yesterday, fluctuating in a range of 106 to 116. The closing level was near the lower bound of the range. The market was very thin though - only $2.3 bln changed hands in USDRUB_TOM, which is less than half of the one-month daily average. There was still no trading in OFZs.
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