MOSCOW, March 21 — The Russian rouble steadied near 105 to the dollar in Moscow today, while OFZ treasury bonds returned to trading in volatile fashion as Russia looks to gradually resume operations on its financial markets.
In offshore markets, rouble bids were last indicated at 105.87 per dollar RUB=, having been as strong as 93.6 in earlier trade.Prices on some rouble-denominated OFZ bonds tumbled by a third in pre-market trade before trading on the main session resumed at 1000 GMT, Moscow Exchange data showed. Sales of OFZ bonds by non-residents, who used to own 19.1 per cent of all such bonds as of early February, will not be authorised between March 21 and April 1, Moscow Exchange said today.
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