Rouble opens at 15-month low vs dollar after aborted mutiny

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Rouble opens at 15-month low vs dollar after aborted mutiny
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The Russian rouble opened at a near 15-month low against the dollar in early morning trade on Monday, responding for the first time to an aborted mutiny by heavily armed mercenaries over the weekend.

By 0415 GMT, the rouble was 2.1% weaker against the dollar at 86.50 , after earlier hitting 87.2300, its weakest point since late March 2022.Russian mercenaries led by Yevgeny Prigozhinfrom the southern Russian city of Rostov-on-Don overnight on Saturday under a deal that halted their rapid advance on Moscow but left unanswered questions about President Vladimir Putin's grip on power.

With the rouble not trading over the weekend, Russian banks were offering exchange rates well above official rate beyond 90 to the dollar. Monday's full trading session begins at 0700 GMT.from the aborted mutiny, with some expecting a move into safe havens such as U.S. government bonds and the dollar.an old fear in Washington about what happens to Russia's nuclear stockpile in the event of domestic upheaval.

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