January 5, 2015 / 7:51 AM / 5 years ago

UPDATE 2-Russian rouble falls vs dollar, hurt by low oil price

(Adds further market moves)

MOSCOW, Jan 5 (Reuters) - Russia’s rouble fell more than 6 percent against the dollar on Monday, dragged down by weaker oil prices in volatile holiday trade.

At 1436 GMT, the rouble was 6.4 percent weaker at 59.59 roubles to the dollar and 3 percent weaker against the euro at 70.74.

Oil prices, which have declined more than 50 percent from peaks in June last year, hit a 5 1/2-year low as doubts about global growth fanned fears of a supply glut.

The Russian currency fell around 40 percent against the dollar last year, hurt by the falling oil price and by Western sanctions over Ukraine, which made it harder for Russian companies to borrow abroad and spurred demand for dollars.

The dollar also firmed against other currencies, with the euro falling to a nine-year low against the U.S. currency as investors bet the European Central Bank would soon begin a programme of buying bonds, so-called quantitative easing.

Russian shares were mixed on Monday, largely reflecting moves in the rouble.

The dollar-denominated RTS index was down 4.9 percent at 752 points. The rouble-based MICEX traded 1.8 percent higher at 1,422 points.

For rouble poll data see

For Russian equities guide see

For Russian treasury bonds see

Russia in graphics: link.reuters.com/dun63s (Reporting by Elizabeth Piper; Editing by Larry King)

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