Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Ruble Declines for Second Day on Oil, Euro Region Concerns

Nov. 9 (Bloomberg) -- The ruble fell for a second day as oil, Russia’s chief export earner, declined and concern Europe’s debt crisis will deepen curbed demand for riskier assets.

The ruble depreciated 0.4 percent to 31.6310 against the dollar at 7 p.m. in Moscow. The currency slid 0.2 percent versus the euro to 40.2250 and sank 0.3 percent against the central bank’s euro-dollar target basket.

European finance chiefs won’t make the call to release 31.5 billion euros ($40.1 billion) of aid for Greece that has been frozen since June when they meet in Brussels on Nov. 12, a European official said yesterday on condition of anonymity. Brent crude was down 0.3 percent to $106.94 per barrel at close of trading in Moscow.

“Europe is still in the doldrums with the Greece situation remaining unresolved,” Vladimir Kolychev, head of research at Societe Generale SA’s OAO Rosbank unit in Moscow, said by e-mail. “Oversupply on the oil markets becomes more evident which caps upside for the oil prices.”

Non-deliverable forwards showed the ruble at 32.0635 per dollar in three months compared with 31.9870 yesterday. An index of five-year government bond yields was unchanged at 7.034 percent.

Ruble-denominated notes may benefit as Russia works to open its market to foreign investors by giving access to Euroclear Bank SA and Clearstream International SA, the world’s largest bond settlement systems.

“In the middle-term, the ruble has a supportive domestic factor in the liberalization of financial markets,” Ivan Sinelnikov, economist at OAO Gazprombank in Moscow, said by e-mail. Sinelnikov forecast the ruble at 30.5 to 30.7 per dollar by year-end.

The extra yield that investors demand to own Russia’s dollar bonds over U.S. Treasuries rose three basis points 197, according to JPMorgan Chase & Co.’s EMBI Global Index.

To contact the reporter on this story: Lyubov Pronina in London at

To contact the editor responsible for this story: Gavin Serkin at

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.