Overview
- The calculated off-exchange dollar rate fell to 78.49 rubles at 10:21 Moscow time on Nov. 21, the first drop below 79 since Oct. 29, according to RIA Novosti trading data.
- With spot dollar trading on MOEX suspended, the OTC dollar-ruble reference is derived from the dollar–yuan forex rate and the yuan–ruble rate on the exchange.
- On Nov. 19, the Moscow Exchange Index rose 3.24% to 2,646.02 and the RTS gained 3.38%, with analysts citing press reports of progress in talks and a reported 28‑point draft framework.
- On Nov. 20, the market eased as the MOEX index slipped 0.67% to 2,628.31 and the RTS dipped 0.41% while participants looked for official details on the reported U.S. plan.
- Individual moves included Tatneft up 6.6% on oil output optimism and Sollers up 3.4%, while Mechel weakened after mixed operational results as the yuan eased to 11.28 on Nov. 19 and 11.21 on Nov. 20.