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Stock indices, yuan rate switch to decline after opening of trading on Moscow Exchange

The yuan-to-ruble exchange rate at the opening of Moscow Exchange trading rose by 1.55 kopecks compared to the closing level of the previous trading and amounted to 11.188 rubles

MOSCOW, May 21. /TASS/. The Russian stock indices slightly grew at the opening of the main trading session on the Moscow Exchange and after that began to decline, according to data from the Moscow Exchange. The yuan exchange rate also switched to decline.

As of 10:00 a.m. Moscow time, the MOEX index edged up by 0.08% to 2,825.6 points, and the RTS index also edged up by 0.08% to 1,108.4 points.

The yuan-to-ruble exchange rate at the opening of Moscow Exchange trading rose by 1.55 kopecks compared to the closing level of the previous trading and amounted to 11.188 rubles.

By 10:20 a.m. Moscow time, the MOEX index had begun to decline and was at 2,817.5 points (-0.21%), the RTS index was at 1,105.22 points (-0.21%). Meanwhile, the yuan exchange rate also began to decline and was at 11.14 rubles (-3.25 kopecks).

The Moscow Exchange index with an additional code (IMOEX2) at the opening of the morning trading session grew by 0.5% and amounted to 2,837.53 points, according to trading platform data at 07:00 a.m. Moscow time.

The Moscow Exchange has suspended trading in dollars and euros since June 13, 2024 due to US sanctions imposed against it and the National Clearing Center. To determine the dollar and euro to ruble exchange rates, the Bank of Russia uses bank reports and information from over-the-counter trading.

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