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Asharq Al-Awsat
Asharq Al-Awsat
Business
Asharq Al-Awsat

Rouble Recovers Footing, Russian Stocks Hit over 1-Year High

Russian rouble and US dollar banknotes are seen in this illustration taken March 10, 2023. (Reuters)

The rouble bounced back from early losses on Monday, supported by expectations of month-end tax payments and higher oil prices, while Russia's main stock index climbed to a more than one-year high.

By 1015 GMT, the rouble was 0.3% stronger against the dollar at 81.59 and had gained 0.7% to trade at 89.59 versus the euro. It had firmed 0.4% against the yuan to 11.85.

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