Russia FX/Rates Snapshot - October 22, 2021. CBR and Exporter Activity Should Buoy the Ruble
We expect the ruble to firm to USD/RUB 70.5 today, especially if the CBR raises the key rate by 50 bps, as some market participants are still expecting a 25 bp hike, and exporters are likely to be actively selling FX in the run-up to tax and dividend payments on Monday.
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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