Back to feed

Russian Financial Markets Remained Stable in February

Money & FinanceOfficial Statement

Translation disclaimer: machine-assisted translation may contain inaccuracies. Always refer to the original source for authoritative text.

Sector indices on the equities market moved in mixed directions, while the Moscow Exchange Index [the benchmark index of the Moscow Exchange, Russia's primary stock exchange] posted a modest gain by the end of February (+0.6% month-on-month).

The ruble weakened slightly over the period, to 77.27 rubles per US dollar. Foreign currency sales by companies increased overall, despite a decline in sales by the largest exporters. Demand for foreign currency remained low relative to previous years. However, demand for swap operations with the Central Bank of Russia (CBR) temporarily increased in the money market.

For more details, see the latest issue of the Financial Markets Risk Review [a regular CBR publication monitoring risks across Russian financial markets].