[モスコー ２５日 ロイター] –The ruble was sold in the Russian market on the 25th of the week and exceeded 58 rubles against the dollar. With tax payments peaking at the end of the month, centered on exporters that support the ruble, the decision by the Central Bank of Russia to cut interest rates on the 22nd continues to weigh on it.
As of 1339 GMT (10:39 pm Japan time), the ruble was 58.01 rubles, down 1.3% against the dollar. It was 59.02 rubles, down 1.2% against the euro.
The Central Bank of Russia lowered the policy interest rate from 9.5% to 8.0% on the 10th. The reduction of 150 basis points (bp) exceeded market expectations. He said he would consider the need for further cuts as inflation slows and the economy slows.
Analysts at Promsbyaz Bank said the ruble is likely to hit the upper range of 56-60 rubles against the dollar this week.