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Russian rouble hits over one-week low vs dollar as tax period ends

Russian rouble hits over one-week low vs dollar as tax period ends Sept 28 (Reuters) - The Russian rouble hit a more than one-week low against the dollar on Thursday before recovering some ground, waiting for significant support as a favourable tax period draws to a close. At 0730 GMT, the rouble was 0.1% stronger against the dollar at 96.84 RUBUTSTN=MCX , having fallen to 97.1350 at market opening.
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Russian bank profits to drop in 2024 as high rates take toll - VTB CFO

Russian bank profits to drop in 2024 as high rates take toll - VTB CFO This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine By Elena Fabrichnaya SOCHI, Russia, Sept 28 (Reuters) - Consecutive interest rate hikes have seriously damaged Russian banks' prospects, the financial head of Russia's No.
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Russia's weekly consumer prices leapt in week after rate hike -Rosstat

Russia's weekly consumer prices leapt in week after rate hike -Rosstat Sept 27 (Reuters) - Russia's consumer prices leapt almost 0.3% in the week to Sept. 25 in the days after the Bank of Russia hiked interest rates to 13%, the statistics service said on Wednesday, illustrating the difficulties Moscow is facing in keeping inflation under wraps. The central bank made an emergency 350-basis-point hike in mid-August to 12% after the rouble plummeted past the 100 mark to the dollar and its subsequen
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Russian rouble edges lower as tax payment deadline nears

Russian rouble edges lower as tax payment deadline nears Sept 27 (Reuters) - The Russian rouble edged lower on Wednesday ahead of two OFZ treasury bond auctions by the finance ministry, supported for now by a favourable month-end tax period and higher oil prices. At 0723 GMT, the rouble was 0.1% weaker against the dollar at 96.49 RUBUTSTN=MCX and had gained 0.1% to trade at 102.09 versus the euro EURRUBTN=MCX .
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Russia ramps up China yuan payments for imports amid sanctions -EBRD

Russia ramps up China yuan payments for imports amid sanctions -EBRD By Jorgelina do Rosario LONDON, Sept 27 (Reuters) - The share of Russia's imports invoiced in Chinese yuan soared to 20% in 2022 from 3% a year earlier after its invasion of Ukraine unleashed a raft of sanctions that cut the country out of the global financial system, a new study found on Wednesday.
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Russian trade, remittances boost Central Asia growth prospects - EBRD

Russian trade, remittances boost Central Asia growth prospects - EBRD More Central Asian migrant workers move to Russia Inflation still high in Europe due to gas prices EBRD raises growth estimates for region to 2.4% for 2023 By Jorgelina do Rosario LONDON, Sept 27 (Reuters) - Central Asian economies from Mongolia to Kazakhstan and Uzbekistan will see strong growth this year and next thanks to rising trade and remittance flows from Russia, the European Bank for Reconstruction and Development (EB
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Russian rouble steadies near 96 vs dollar as tax payments approach

Russian rouble steadies near 96 vs dollar as tax payments approach Sept 26 (Reuters) - The Russian rouble steadied near 96 to the dollar on Tuesday, trading in a narrow band, supported by upcoming tax payments and high oil prices. At 0710 GMT, the rouble was 0.2% stronger against the dollar at 96.10 RUBUTSTN=MCX and had gained 0.3% to trade at 101.69 versus the euro EURRUBTN=MCX .
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Russian rouble firms against euro, steady vs dollar

UPDATE 1-Russian rouble firms against euro, steady vs dollar Updates rates and indices Sept 25 (Reuters) - The rouble firmed against the euro on Monday while trading little changed against the dollar, in a week when companies' need for roubles to settle end-of-month tax payments should lend the Russian currency some support. At 1452 GMT, the rouble was steady against the dollar at 96.24 RUBUTSTN=MCX and had gained 0.6% to trade at 101.98 versus the euro EURRUBTN=MCX .
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Russian rouble hovers near 96 vs dollar

Russian rouble hovers near 96 vs dollar Sept 25 (Reuters) - The rouble hovered close to 96 to the dollar on Monday, trading in a relatively narrow range and supported by high oil prices after the Russian government announced new rouble-linked export duties and temporarily banned some fuel exports last week. At 0721 GMT, the rouble was steady against the dollar at 96.24 RUBUTSTN=MCX and had gained 0.1% to trade at 102.52 versus the euro EURRUBTN=MCX.
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Rouble hovers near 96 to dollar after Russia announces new export duties

Rouble hovers near 96 to dollar after Russia announces new export duties Sept 22 (Reuters) - The rouble steadied near 96 to the dollar on Thursday after the Russian government announced new rouble-linked export duties and temporarily banned some fuel exports in an effort to stabilise domestic prices. At 0741 GMT, the rouble was 0.2% weaker against the dollar at 96.05 RUBUTSTN=MCX and had lost 0.4% to trade at 102.22 versus the euro EURRUBTN=MCX .
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Russia introduces new exchange-rate-linked export duty from Oct. 1

UPDATE 1-Russia introduces new exchange-rate-linked export duty from Oct. 1 Updates with government confirmation, dates of validity MOSCOW, Sept 21 (Reuters) - A new set of Russian export duties linked to the rouble-dollar exchange rate will be introduced on Oct. 1 and last until the end of next year, the government said on Thursday. "The decision will help protect the domestic market from unjustified price increases," a government statement said.
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Russia says rouble-linked export duties to last until end of 2024

Russia says rouble-linked export duties to last until end of 2024 Sept 21 (Reuters) - Russia's government said on Thursday that a new set of export duties linked to the rouble-dollar exchange rate would be introduced on Oct. 1 and last until the end of 2024. Russian budget may gain $6.3 bln from extra tax on exporters -sources nL8N3AX442 Reporting
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Rouble hits one-week high as oil prices rebound on Russian fuel export ban

UPDATE 1-Rouble hits one-week high as oil prices rebound on Russian fuel export ban Updates at 1424 GMT By Alexander Marrow Sept 21 (Reuters) - The Russian rouble hit a more than one-week high against the dollar on Thursday, helped by a temporary Russian ban on fuel exports that lifted oil prices, but the currency still struggled to pull away meaningfully from the 100 threshol d.
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Russian budget may gain $6.3 bln from extra tax on exporters -sources

Russian budget may gain $6.3 bln from extra tax on exporters -sources MOSCOW, Sept 21 (Reuters) - Russia's budget may get an additional 600 billion roubles ($6.34 billion) per year from a planned extra tax on exports of some metals, fertilisers and some other commodities, seven sources told Reuters on Thursday. Russia has been seeking ways to replenish its deficit-stricken state budget at a time of increasing military spending, while exporters enjoy additional revenues thanks to the weak rouble
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Russia shortens list of countries whose banks can trade on its FX market

Russia shortens list of countries whose banks can trade on its FX market This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Sept 21 (Reuters) - Russia approved a shortened list of countries whose banks can trade on its foreign exchange and derivatives markets, government filings showed on Thursday, at a time when Russian authorities are seeking to reduce pressure on the rouble from capital outflows.
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Russian rouble edges lower as authorities discuss currency controls

Russian rouble edges lower as authorities discuss currency controls Sept 21 (Reuters) - The Russian rouble edged lower against the dollar on Thursday, struggling to pull away from the 100 threshold, as authorities discussed a range of capital control measures that could be implemented to prop up the currency. At 0802 GMT, the rouble was 0.2% weaker against the dollar at 96.32 RUBUTSTN=MCX and had gained 0.3% to trade at 102.67 versus the euro EURRUBTN=MCX .
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Russia mulls extra tax for some commodities exports, including metals - sources

Russia mulls extra tax for some commodities exports, including metals - sources This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW, Sept 20 (Reuters) - Russia is considering imposing an additional tax tied to the rouble-dollar rate on exports of metals, fertilisers and some other commodities, sources in two major exporting companies told Reuters on Wednesday.
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Russia aims to cut capital outflows to 'friendly' countries - deputy fin min, cited by Interfax

Russia aims to cut capital outflows to 'friendly' countries - deputy fin min, cited by Interfax MOSCOW, Sept 20 (Reuters) - Russian Deputy Finance Minister Alexei Moiseev on Wednesday said the restoration of various currency control measures was under discussion with the aim of reducing capital outflows to countries Moscow considers "friendly", the Interfax news agency reported.
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Bad moment to hike rates as Russia's growth stimuli sputter - economists

Bad moment to hike rates as Russia's growth stimuli sputter - economists By Darya Korsunskaya and Alexander Marrow Sept 20 (Reuters) - Double-digit interest rates and the possibility of more hikes down the road have come at a bad moment for Russia's economy as the impact of higher industrial production and soaring defence spending wane, Russian economists said.
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Russian rouble steadies after late slide the previous day

Russian rouble steadies after late slide the previous day Sept 20 (Reuters) - The Russian rouble steadied on Wednesday ahead of two OFZ bond auctions by the finance ministry, stabilising after sliding late in the previous session, but still unable to strengthen meaningfully away from the 100 threshold to the dollar. At 0719 GMT, the rouble was 0.1% firmer against the dollar at 96.76 RUBUTSTN=MCX and had lost 0.1% to trade at 103.34 versus the euro EURRUBTN=MCX .
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