Russian rouble weakens after hypersonic missile strike in Ukraine
MOSCOW, Nov 22 (Reuters) -The Russian rouble weakened further against the U.S. dollar on Friday after President Vladimir Putin said Russia had struck a Ukrainian military facility with a new medium-range, hypersonic ballistic missile.
At 0730 GMT, the rouble RUB= was down 0.7% at 102.00 against the dollar. The Russian currency was flat at 106.15 to the euro EURRUB=, according to LSEG data. The rouble was up 0.3% against the yuan at 13.90 in trade on the Moscow stock exchange.
The rouble's official exchange rate, set by the central bank, broke through the 100 mark against the U.S. dollar this week for the first time since October 2023, amid concerns of further escalation in Russia's standoff with the West.
The rouble has been falling since the start of Ukraine's incursion into Russia's Kursk region on Aug. 6 and has lost about 20% in value to the dollar since then, based on LSEG data.
Western sanctions imposed on the Moscow Exchange (MOEX) and its clearing agent, the National Clearing Centre, on June 12 stopped all trade in dollars and euros at MOEX.
The central bank sets its official dollar rate using over-the-counter (OTC) trade data from banks. This tends to make the exchange rate more opaque and volatile. The central bank set the rouble exchange rate at 100.68 to the dollar.
One-day rouble-dollar futures, which trade on the Moscow exchange and are a guide for OTC market rates, were up 0.25% at 101.29.
Brent crude oil LCOc1, a global benchmark for Russia's main export, was up 0.32% to $74.45 per barrel and was on track for a weekly rise of more than 4%, as the Ukraine war intensified.
Reporting by Gleb Bryanski
Editing by Gareth Jones
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