Stock indices decline, yuan weakens against ruble as trading on Moscow Exchange opens

Business & Economy December 25, 10:46

The MOEX index slightly accelerated its decline and reached 2,679.96 points, while the RTS index was 845.32 points

MOSCOW, December 25. /TASS/. The Russian stock market opened with a decline in the main indices, the yuan is weakening against the ruble, according to data from the Moscow Exchange.

As of 10:00 a.m. Moscow time, the MOEX index fell by 0.4% to 2,680.25 points, the RTS index also went down by 0.4%, to 845.41 points.

At the opening of trading, the yuan-to-ruble exchange rate fell by 5.1 kopecks compared to the closing level of the previous session and amounted to 13,649 rubles.

By 10:15 a.m. Moscow time, the MOEX index slightly accelerated its decline and reached 2,679.96 points (-0.41%), the RTS index was 845.32 points (-0.41%).

Meanwhile, the yuan-to-ruble rate amounted to 13.651 rubles (-4.9 kopecks).

The Moscow Exchange suspended trading in dollars and euros on June 13 due to US sanctions imposed against it and the National Clearing Center. To determine the dollar and euro to ruble exchange rates, the Bank of Russia uses bank reports and information from over-the-counter trading.

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