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Russia's RTS index up 4% amid growing ruble

March 17, 11:51 UTC+3 MOSCOW
The ruble strengthened against the dollar after the decision of the US Federal Reserve System acting as the national central bank to keep the base interest rate at 0.25-0.5%
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© Sergei Fadeichev/TASS

MOSCOW, March 17. /TASS/. The RTS index during trading on the Moscow Stock Exchange rose by 4.17% to 870.83 points - the maximum value since November 27, 2015. The MICEX index rose by 1.02% to 1890.25 points. The RTS index accelerated growth follows the strengthening of the ruble. Thus, the dollar exchange rate today fell below 69 rubles and euro - below 77 rubles.

The ruble strengthened against the dollar after the decision of the US Federal Reserve System acting as the national central bank to keep the base interest rate at 0.25-0.5%.

The Federal Reserve decided to keep the base interest rate at the level of 0.25-0.5% at the prior meeting held on January 26-27. The regulator increased the rate by 0.25% in December 2015.

Oil prices also rose against the depreciation of the dollar after the US Federal Reserve System meeting, which provided additional support to the ruble and the RTS index. Thus, the price of the Brent crude oil futures contract for May delivery on London’s ICE rose by 1.31% to $40.86 per barrel.

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