MOSCOW, Feb 12 (Reuters) - The Russian rouble weakened on Friday, pressured by lingering geopolitical concerns about Moscow’s relations with the West, as the market awaited a central bank board meeting where it is expected to keep interest rates unchanged.
At 0729 GMT, the rouble was 0.4% weaker against the dollar at 73.89, heading away from a three-week high of 73.5225 it touched on Thursday.
Versus the euro, the rouble eased 0.2% to 89.57 .
A Reuters poll this month showed Russia’s central bank was expected to keep its key rate at a record low of 4.25%, shrugging off the International Monetary Fund’s call for lower rates as inflation has overshot the 4% target.
Central Bank Governor Elvira Nabiullina will shed more light on the bank’s monetary policy plans at an online press conference at 1200 GMT.
“Today’s rate decision and central bank’s comments are unlikely to have a substantial impact on the rouble,” Otkritie Bank said.
It said the rouble could firm towards the 70-73 range against the dollar next week thanks to high oil prices and local month-end taxes that usually increase demand for the Russian currency.
Brent crude oil, a global benchmark for Russia’s main export, was down 0.7% at $60.70 a barrel but still hovered near its highest levels since early 2020.
Concerns about new sanctions against Moscow, however, put pressure on Russian assets.
Russian Foreign Minister Sergei Lavrov has said Moscow is ready to sever ties with the European Union if the bloc hits it with painful economic sanctions, according to extracts of an interview posted on the ministry’s website on Friday.
Russian stock indexes were down.
The dollar-denominated RTS index fell 1.2% to 1,443.2 points. The rouble-based MOEX Russian index slid 0.8% to 3,387.6 points.
For Russian equities guide see
For Russian treasury bonds see
Reporting by Andrey Ostroukh. Editing by Mark Potter
Our Standards: The Thomson Reuters Trust Principles.