Russia\u2019s benchmark stock index strengthened to its highest point since the day Russia sent its troops into Ukraine in February 2022 on Monday, while the rouble firmed slightly against the U.S. dollar.
\nBy 1025 GMT, the rouble-based MOEX Russian index .IMOEX gained 0.9% to 3,361.5 points, its strongest since Feb. 24, 2022. The dollar-denominated RTS index .IRTS rose 0.9% to 1,147.5 points.
\nThe rouble RUBUTSTN=MCX was 0.2% higher at 92.29 to the dollar.
\nThe rouble could face weakening risks in the coming days, said Yevgeny Loktyukhov of Promsvyazbank, as a favourable month-end tax period has ended and there could be pent-up demand for dollars and euros in the United States and Europe after the Easter break.
\nAgainst the euro, the rouble EURRUBTN=MCX rose 0.1% to 99.53 and dropped 0.1% to 12.69 against the yuan CNYRUBTOM=MCX.
\nBrent crude oil LCOc1, a global benchmark for Russia\u2019s main export, fell 0.3% to $86.71 a barrel.
\n(Reuters)Stock index. stock index, rouble, Russia<\/p>\n","protected":false},"excerpt":{"rendered":"
Russia’s benchmark stock index reached its highest level since February 2022 on Monday, while the rouble also strengthened slightly against the U.S. dollar. The MOEX Russian index rose 0.9% to 3,361.5 points, the strongest since Feb. 24, 2022. The dollar-denominated RTS index also increased by 0.9% to 1,147.5 points. The rouble was 0.2% higher at 92.29 to the dollar. There are concerns of potential weakening in the rouble in the upcoming days due to the end of a favorable month-end tax period and possible demand for dollars and euros in the U.S. and Europe after Easter. The rouble also saw changes against the euro and yuan. Brent crude oil, a key export for Russia, dropped 0.3% to .71 a barrel.<\/p>\n","protected":false},"author":5,"featured_media":6415,"comment_status":"open","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[359,2577,49,260,4166,26,599,201,2515,613,185,4546,19,4545,1065,17,544],"class_list":["post-6414","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-brent","tag-concerns","tag-crude-oil","tag-dollar","tag-easter","tag-economy","tag-euro","tag-europe","tag-february","tag-insider-economy","tag-main","tag-rouble","tag-russia","tag-stock-index","tag-tax","tag-ukraine","tag-united-states"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"\n