Russia FX/Rates Snapshot - October 19, 2020
The ruble is stable at around 78, and we expect it to firm moderately to 77.6, assuming the external backdrop remains favorable. However, later this week it may weaken to 79 or even beyond, once Sber dividends are converted into FX (R422 bln will be paid out today) to pay DR holders.
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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