July 13, 2018 / 8:38 AM / 7 months ago

Rouble steady, eyes on Monday's Putin-Trump summit

MOSCOW, July 13 (Reuters) - The Russian rouble was steady on Friday as players awaited Monday’s first summit between U.S. President Donald Trump and Russian President Vladimir Putin in Helsinki.

Analysts expect Putin to urge Trump to soften sanctions imposed by Washington over Moscow’s role in Ukraine and allegations of meddling in U.S. elections in 2016.

“Given the complex geopolitical landscape, it’s hard to count on breakthrough decisions or statements by the end of the event,” analysts at Rosbank, a subsidiary of Societe Generale, said.

“The main attention presumably will be focused on meddling in the U.S. election, the situation in Syria, the oil market, and the situation in Ukraine.”

As of 0847 GMT, the rouble was 0.1 percent weaker at 62.32 against the dollar and 0.3 percent stronger at 72.46 to the euro.

Next week, the rouble could get some support from export-focused companies as they need to convert dollar revenues to meet month-end tax payments.

The rouble’s upside is limited, however, by daily purchases of foreign currency by the finance ministry.

Russian stock indexes inched higher, tracking moves on Asian and European exchanges. The dollar-denominated RTS index was up 0.5 percent to 1,184.03 points, while the rouble-based MOEX Russian index was 0.7 percent higher at 2,337.7 points.

For Russian equities guide see

For Russian treasury bonds see (Reporting by Andrey Ostroukh)

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