Russian stocks close in the red on Tuesday

Business & Economy November 10, 21:39

BCS World of Investment forecasts the dollar exchange rate for Wednesday at 81-83 rubles

MOSCOW, November 10. /TASS/. Russia’s stock market closed in the red on Tuesday as the ruble-denominated MOEX Index fell by 1.17% to 2,444.28 points, while the dollar-denominated RTS Index lost 0.92% to 932.79 points. The yuan exchange rate against the ruble added 5.4 kopecks to 12.442 rubles.

"Oil prices continued to decline. Today, Brent tested levels below $90. Precious metal prices also fell. The downward pressure on commodity prices was partially offset by a moderate weakening of the ruble," said Andrey Smirnov, stock market analyst at BCS World of Investment.

BCS World of Investment forecasts the dollar exchange rate for Wednesday at 81-83 rubles, the yuan at 12.2-12.5 rubles, and the MOEX Index at 2,400-2,500 points.

Freedom Global’s analyst Vladimir Chernov expects the MOEX Index to trade within the 2,400-2,500-point range on Wednesday.

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