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Rouble firms past 60 vs dollar, Gazprom shares rally

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The newly designed Russian 100-rouble banknotes are seen at the Goznak printing factory in Moscow, Russia July 6, 2022. Moscow News Agency/Handout via REUTERS

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  • This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine

MOSCOW, Aug 30 (Reuters) – The rouble firmed beyond 60 against the dollar in Moscow trade on Tuesday, shrugging off a slide in oil prices below $100, while Russia’s benchmark stock index rose towards its highest point in two months, led by energy giant Gazprom (GAZP.MM).

The rouble finished the day 0.8% stronger against the dollar at 59.94 and 0.7% firmer against the euro at 60.00 .

The rouble gained in light trade even though analysts had said it could weaken after the peak of a month-end tax payments period, in which Russia’s exporters usually convert foreign currency earnings into roubles, passed last…

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