MOSCOW, March 22 — The Russian rouble hovered around the 104 mark to the US dollar today, lacking momentum for larger moves, while government OFZ bonds stabilised with the help of the central bank.
At 0801 GMT, the rouble was little changed on the day at 104.05 against the dollar and had gained 0.3 per cent to trade at 114.27 versus the euro. The central bank has so far not disclosed the amount of its interventions on the OFZ market that helped stabilise prices and provided extra liquidity to the financial system.
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