Yuan or Dollar? Indian businesses explore alternatives as import costs climbIndian businesses, particularly MSMEs, are hesitant to adopt yuan-denominated settlements despite a weakening rupee. They prioritise locali...
Putin's 'Russian Davos' opens with US guests as economy slows and war drags onRussia hosts its premier investment forum in Saint Petersburg. The event includes prominent figures from the United States and Germany. Thi...
Russia-linked Grinex crypto exchange suspends operations after cyber attackGrinex, a crypto exchange linked to Russia, has halted operations. This follows a cyber attack where assets worth 1 billion roubles were st...
Iran war doubles Russia's main oil revenue to $9 billion in AprilIn a remarkable twist for Russia's economy, oil tax revenues are projected to soar to $9 billion by April, doubling amidst the turbulent gl...
Russia's oil and gas revenue down 43% y/y in March, finance ministry saysRussian state oil and gas revenues saw a significant drop in March. Revenues fell by 43 percent to 617 billion roubles compared to last yea...
Russia's oil and gas revenue seen halving year-on-year in FebruaryRussia's February oil and gas revenue is projected to nearly halve to 410 billion roubles, primarily due to a stronger rouble and lower oil...
Rupee-rouble rule: RBI clears path for faster India-Russia paymentsAmid growing interest in rupee-rouble transactions, the Reserve Bank of India has simplified rupee trade settlements with Russia. This move...
Rouble firms to strongest since late January vs dollarThe Russian rouble reached its highest level since January against the dollar, supported by high interest rates, capital controls, and incr...
Russian rouble slides to over 16-month low past 96 vs dollarThe rouble was extending losses after dropping more than 4% against the dollar and euro to record one of its worst weeks all year. Russian ...
Russians feel the pinch as rouble tumbles past 91 vs dollarCapital controls have helped insulate the rouble against geopolitics in the 16 months since Russia invaded Ukraine, but mercenary leader Ye...
Russian rouble rallies to March 2018 level against dollarAgainst the euro, the rouble firmed by more than 5% to 60.86 after touching 59.02, its highest since June 2015.The rouble is driven by expo...
Rouble, Russian stocks hit over 5-week highs in early Moscow tradeAt 0741 GMT, the rouble was 0.1% weaker against the dollar at 83.25, earlier clipping 80.3325, its strongest mark since Feb. 23. It had gai...
Rouble extends gains, Russia stocks also up on 5th trading dayThe rouble is now driven by export-focused companies that are obliged to sell foreign currency as well as by month- and quarter-end tax pay...
Russian rouble slips over 7% in early Moscow tradeThe central bank has more than doubled its key interest rate to 20% and the government has rolled out support measures, but the rouble has ...
Russian Rouble tumbles nearly 30% to record low as West steps up sanctionsThe rouble fell as far as 119.50 per dollar in Asian trading, a record low for the currency and a steep drop of 30% from Friday's close. It...
Russian rouble stronger with oil as rally continuesAt 0725 GMT, the rouble was 1.1 per cent stronger against the dollar at 61.17 and had gained 1.1 per cent to 69.55 versus the euro.
- Russian rouble shrugs off lower oil on local taxes
The Russian rouble overlooked weaker oil prices and continued firming versus its basket in early trade on Thursday thanks to companies conv...