The Russian ruble has become the world’s best performing currency since the beginning of the year, surpassing the Brazilian real in the ranking, Bloomberg reported on Thursday.
India stocks were lower after the close on Thursday, as losses in the Power, Metals and Banking sectors led shares lower.
The euro exchange rate went down by 3.28% during foreign currency trading on Moscow Exchange on Thursday to 68.32 rubles.
The total increase in the gas price during the day has surpassed 6%.
As of 10:55 am Moscow time, the euro exchange rate was down by 2.14% at 68.99 rubles.
- Dollar exchange rate down to 65 rubles on Moscow Exchange first since February 2020 (TASS Russian News Agency: 2022-05-12 12:19:31+00:00)
The Russian stock market declined at the beginning of the main session on Thursday as the MOEX Index was down by 0.69% at 2,370.25 points, while the dollar-denominated RTS Index was down by 1.03% at 1,111.86 points.
The Russian currency strengthened against the dollar and the euro compared with the previous closing as foreign currency trading started on Moscow Exchange on Thursday.
Israel stocks were higher after the close on Wednesday, as gains in the Banking, Oil & Gas and Financials sectors led shares higher.
Technology, the fintech arm of Chinese e-commerce company JD.Com, has been forced to delay an up to $2 billion Hong Kong IPO because domestic regulatory approval for the listing has not been forthcoming.
The Russian stock indices showed mixed dynamics on Wednesday.