MOSCOW, December 17. /TASS/. Russia’s stock market closed in the red on Tuesday as the ruble-denominated MOEX Index lost 1.78% to 2,377.15 points, while the dollar-denominated RTS Index fell by 1.86% to 727.06 points. The yuan exchange rate against the ruble added 21 kopecks to 14.07 rubles during the day.

BCS World of Investment expects the MOEX Index at 2,350-2,475 points on December 18. The company’s outlook on the ruble is 13.5-14.5 rubles per yuan and 100-105 rubles per dollar.

The Federal Reserve meeting will be the key event on the foreign markets on Wednesday. "There is almost no doubt that interest rates will be cut by 25 basis points. The regulator’s rhetoric and forecasts will be important. Moreover, in the middle of the week investors will focus on the consumer price index (CPI) in the eurozone in November," BCS Investment World’s Alexander Shepelev said.

On Wednesday, Russia’s national statistics service, Rosstat, will present its weekly statistics on consumer inflation and producer price index for the past month. Moreover, Rosseti board of directors will consider the issue of approval of the company’s business plan for 2025 and projections for 2026-2029.