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Russian central bank hikes benchmark rate to 21%, highest since 2003

UPDATE 3-Russian central bank hikes benchmark rate to 21%, highest since 2003 This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine The central bank says further rate hikes possible Inflation is not slowing down Inflationary expectations highest since the start of the year Key rate higher than at the start of the conflict in Ukraine Adds more background in paragraphs 2, 5, 8 By Elena Fabrichnaya and Gleb Bryanski MOSCOW, Oct 25 (Reuters) -
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Russian rouble weakens slightly ahead of expected central bank rate move

Russian rouble weakens slightly ahead of expected central bank rate move MOSCOW, Oct 25 (Reuters) - The Russian rouble weakened slightly against the U.S. dollar and the Chinese yuan on Friday, the day the central bank is expected to hike rates at least to the highest level since April 2022. At 0800 GMT, the rouble RUB= was down 0.6% at 96.80 against the dollar and down by CNYRUB= 0.2% at 13.44 against China's yuan.
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Most EM currencies rise as dollar pauses

EMERGING MARKETS-Most EM currencies rise as dollar pauses Most bourses in emerging Asia clock losses EM stocks down 0.6%, FX up 0.2% By Shashwat Chauhan Oct 24 (Reuters) - Most emerging market currencies eked out gains on Thursday as the dollar softened, while a broader gauge of stocks was down as focus remained on the U.S. presidential election and the Federal Reserve's interest rate path.
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Russian rouble weakens before expected rate hike

Russian rouble weakens before expected rate hike MOSCOW, Oct 24 (Reuters) - The Russian rouble weakened slightly against the U.S. dollar and China's yuan on Thursday, the day before a central bank board meeting in which analysts expect a hike in the central bank's key interest rate to fight inflation. At 0800 GMT, the rouble RUB= was down 0.4% at 96.80 against the dollar and down by CNYRUB= 0.5% at 13.44 against China's yuan.
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There's little to stop dollar rising

BUZZ-COMMENT-There's little to stop dollar rising Oct 23 (Reuters) - In 2022 the dollar's rally came to an abrupt halt due to the overcrowding of bets on its rise and investments in the U.S. currency. Following a lengthy correction and a purge of those bets and investments there is now little to stop a dollar rise that looks increasingly likely. When the dollar peaked in 2022 it was also overbought, yet the resulting correction of these extreme conditions proved to be modest - just 23.6% of the
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Russian rouble weakens vs dollar following global FX trends

Russian rouble weakens vs dollar following global FX trends MOSCOW, Oct 23 (Reuters) - The Russian rouble fell against the U.S. dollar on Wednesday, following global foreign exchange trends, after Russian officials said the rouble's volatility was high but that the exchange rate was in line with the government's expectations. At 0830 GMT, the rouble RUB= was down 0.9% at 96.65 against the dollar but up CNYRUB= 1.14% at 13.32 against China's yuan, according to data compiled by LSEG.
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Russian industry warns central bank's high rates hurt crucial new investment

Russian industry warns central bank's high rates hurt crucial new investment Companies warn high borrowing costs prevent them from investing Power sector is particularly affected, new plants under threat Russia needs to modernise power generation or risks blackouts Politically easier to blame c.bank than Kremlin, says analyst By Anastasia Lyrchikova, Alexander Marrow and Darya Korsunskaya MOSCOW, Oct 23 (Reuters) - A growing chorus of Russian industrial companies and lobby groups are complaining
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Russian finance minister says all budget parameters to be fulfilled regardless of rouble rate

Russian finance minister says all budget parameters to be fulfilled regardless of rouble rate MOSCOW, Oct 22 (Reuters) - Russian Finance Minister Anton Siluanov said on Tuesday that all parameters set out in the federal budget would be fulfilled regardless of the ruble exchange rate, the state-run news agency TASS reported on Tuesday. Reporting by
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Russia says rouble is volatile but in line with expectations

UPDATE 2-Russia says rouble is volatile but in line with expectations Adds Reshetnikov's quote in para 9, background in para 7 MOSCOW, Oct 22 (Reuters) - The Russian rouble's current exchange rate volatility is high but the rate remains in line with the government's expectations, Interfax news agency quoted Economy Minister Maxim Reshetnikov as saying on Tuesday.
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Russian rouble strengthens vs dollar ahead of central bank rate decision

Russian rouble strengthens vs dollar ahead of central bank rate decision MOSCOW, Oct 22 (Reuters) - The Russian rouble strengthened against the U.S. dollar but weakened against China's yuan on Tuesday ahead of an anticipated rate hike at the central bank's Oct. 25 board meeting. At 0930 GMT, the rouble CNYRUB= was down 0.26% at 13.47 against the yuan, and RUB= up 0.4% at 96.40 against the dollar, according to data compiled by LSEG.
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BOJ policy had catastrophic consequences for yen, and it may get worse

REFILE-BUZZ-COMMENT-BOJ policy had catastrophic consequences for yen, and it may get worse Adds chart Oct 22 (Reuters) - In 1995, before the Bank of Japan moved to an accommodative stance and subsequently cut interest rates to zero, the trade-weighted value of the yen was 150.76. This year the yen's trade-weighted value sank to a record low at 53.06. The bounce to 57.38 since July is immaterial compared the prior slump.
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FIVE ANALYSTS EXPECT BANK OF RUSSIA TO HIKE KEY INTEREST RATE BY 200 BPS TO 21% AT OCT. 25 MEETING

POLL-Russia's key rate seen back at historic high of 20% This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine Russian central bank seen hiking key rate by 100 bps to 20% That rate would be highest since start of Ukraine conflict High inflation, increased budget spending seen as main reasons Pressure will not deter the central bank By Elena Fabrichnaya MOSCOW, Oct 21 (Reuters) - The Russian central bank is expected to hike the key interest
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Russian rouble slips vs yuan after hitting highest level since Oct.2

Russian rouble slips vs yuan after hitting highest level since Oct.2 MOSCOW, Oct 21 (Reuters) - The Russian rouble weakened slightly against the yuan on Monday after strengthening by 1.3% at the end of last week to the highest against the Chinese currency since Oct. 2. By 0830 GMT, the rouble RUB= was down CNYRUB= 0.7% at 13.46 against the yuan, and up 0.7% at 96.05 against the U.S.
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Russian rouble slips against dollar and yuan, rises vs euro

REFILE-Russian rouble slips against dollar and yuan, rises vs euro Adds dropped word in headline MOSCOW, Oct 18 (Reuters) - The rouble weakened slightly against the U.S. dollar and the Chinese yuan, continuing an eight-week weakening trend, but strengthened against the euro, with some support for the Russian currency expected towards the end of the month.
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Russian rouble strengthens vs China's yuan, euro

Russian rouble strengthens vs China's yuan, euro MOSCOW, Oct 17 (Reuters) - The Russian rouble continued to weaken against the U.S. dollar, gradually approaching the 100 mark, but strengthened against China's yuan and the euro, reflecting current trends on the global forex market. At 0730 GMT, the rouble was down 0.41% to 97.10 against the dollar RUB= in the over-the-counter (OTC) market, after touching 99.12 on Oct.
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Russian rouble continues to weaken vs US dollar

Russian rouble continues to weaken vs US dollar MOSCOW, Oct 16 (Reuters) - The Russian rouble continued to weaken against the U.S. dollar on Wednesday but was flat against China's yuan, reflecting the global weakness of the Chinese currency and the dollar's strength. By 0900 GMT, the rouble CNYRUB= was flat at 13.35 against the yuan in the over-the-counter (OTC) market, according to data compiled by LSEG.
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Sustained oil drop may put USD under big pressure

BUZZ-COMMENT-Sustained oil drop may put USD under big pressure Oct 15 (Reuters) - A sustained drop in the price of oil which could lead U.S. interest rates down faster or further than currently expected could put the dollar under great pressure. There is good reason to expect oil to slide, as crude prices have been underpinned for several years mainly by restrictions to supply and producers are planning to increase output.
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Putin’s economic resilience rests on war addiction

BREAKINGVIEWS-Putin’s economic resilience rests on war addiction The author is a Reuters Breakingviews columnist. The opinions expressed are his own. By Pierre Briancon BERLIN, Oct 15 (Reuters Breakingviews) - Russia’s economic growth has exceeded expectations since President Vladimir Putin’s decision to invade Ukraine in 2022, despite punishing measures by the West.
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Yuan exchange trading continues uninterrupted in Russia despite OFAC licence expiry

Yuan exchange trading continues uninterrupted in Russia despite OFAC licence expiry MOSCOW, Oct 14 (Reuters) - Trade in China's yuan proceeded as usual at the Moscow Stock Exchange (MOEX) on Monday, despite the expiry of a licence from the U.S. Treasury Department's Office of Foreign Assets Control (OFAC) on Oct. 12 that allowed banks to deal with MOEX.
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Russian rouble regains some ground lost in 'autumn slide'

Russian rouble regains some ground lost in 'autumn slide' MOSCOW, Oct 11 (Reuters) - The Russian rouble strengthened further on Friday after rallying by 1.2% against China's yuan in the previous session but remained at one-year lows against all major currencies following a slide in recent weeks. At 0800 GMT, the rouble was up 0.5% against the yuan at 13.55, according to LSEG data.
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