Indian companies should use the current yields which are at multi-year lows to raise long-term funding.
The MOEX index rose by 0.38% and reached 3,821.8 points, the RTS index added 0.7% to 1,668.1 points on Wednesday.
The dollar fell by 0.44% to 71.98 rubles on the Moscow Exchange on Wednesday.
The dollar rose by 6.5 kopecks to 72.36 rubles at the opening of trading on the Moscow Exchange on Wednesday.
The dollar clung on to its recent small gains on Wednesday as traders looked to upcoming U.S. inflation data and a European Central Bank (ECB) meeting to gauge the pace of global recovery and policymakers’ thinking about paring back stimulus.
The euro rate during currency trading on the Moscow Exchange decreased by 0.85% and traded at 88 rubles.
Russian market indexes ended the trading session on Tuesday with mixed dynamics.
Share Market Live: SGX Nifty Signal Tepid Start; Bank of India, BPCL, New India, Union Bank In Focus
Market watchers haven’t been this bullish on State Bank of India in almost two decades, as they bet on the lender’s improving asset quality to help it weather the pandemic.
The MOEX index lost 0.07% and amounted to 3,819.52 points, the RTS index dropped by 0.11% to 1,651.13 points.
The dollar rose by 14 kopecks to 72.95 rubles at the opening of trading on the Moscow Exchange on Tuesday.