Russian rouble slumps around 3% vs dollar as sanctions weigh - Reuters.com

MOSCOW, Dec 27 (Reuters) - The rouble dived astir 3% against the dollar connected Tuesday, failing to consolidate a betterment from past week's descent arsenic the marketplace comes to presumption with the imaginable of little export gross successful the aftermath of restrictions connected Russian oil.

The rouble mislaid astir 8% against the dollar past week and is connected people for a hefty monthly diminution aft an lipid embargo and terms headdress came into force. The concern ministry has said the caller slump was related to recovering imports.

By 1519 GMT the rouble was 3% weaker against the dollar astatine 71.36 , heading backmost towards the astir eight-month debased of 72.6325 struck past week.

"At the extremity of December, the rouble is apt to stay highly volatile arsenic the marketplace volition request to find a caller equilibrium nether changed commercialized flows and accrued sanctions pressure," BCS World of Investments said successful a note.

"This week, the rouble is expected to fluctuate successful the scope of 68-71 (per dollar)."

Against the euro, the rouble mislaid 3.4% to 76.03 . Against the yuan, it was down 3.3% astatine 10.09 .

The rouble conscionable astir remains the world's best-performing large currency against the dollar this year, supported by superior controls and reduced imports.

Now, with exports and revenues falling, a weaker rouble is much beneficial, First Deputy Prime Minister Andrei Belousov said connected Tuesday.

"The beardown rouble has played its role," Belousov said. "In these conditions ... it would beryllium bully to person a rouble complaint of 70-80 per dollar."

Brent crude lipid , a planetary benchmark for Russia's main export, was up 1% astatine $84.8 a tube portion Russian banal indexes were mixed.

The dollar-denominated RTS scale (.IRTS) was down 2.9% astatine 948.8 points. The rouble-based MOEX Russian scale (.IMOEX) was 0.5% higher astatine 2,148.8 points aft earlier touching its highest successful astir 2 weeks.

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Reporting by Alexander Marrow; Editing by David Goodman and Emelia Sithole-Matarise

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