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Russian stocks close in the green on Thursday

The yuan exchange rate against the ruble fell by 40 kopecks to 12.25 rubles during the day

MOSCOW, February 13. /TASS/. Russia’s stock market closed in the green on Thursday as the ruble-denominated MOEX Index rose by 5.99% to 3,206.97 points, while the dollar-denominated RTS Index climbed by 9.51% to 1,109.8 points. The yuan exchange rate against the ruble fell by 40 kopecks to 12.25 rubles during the day.

BCS World of Investment expects the MOEX Index at 3,150-3,300 points on February 14, while the company’s outlook on the ruble is 12-13 rubles per yuan and 89.5-93.5 rubles per dollar.

Freedom Finance Global projects the MOEX Index at 2,500-3,500 points on Friday. The USD/RUB pair is expected to trade at the 89-91.5 rubles range, the EUR/RUB pair is projected at the 93-95 rubles range, while the CNY/RUB pair is expected at the 12.3-12.8 rubles range.

In Russia, Friday’s key event is the Central Bank’s meeting on the key rate. The recent macroeconomic data gives reason to expect the key rate to be maintained at the current level of 21% per annum.