MOSCOW, June 17 (Reuters) - The rouble steadied against
the dollar in over-the-counter (OTC) trading on Monday as the
Russian market got to grips with new U.S. sanctions that forced
Russia's leading exchange to halt dollar and euro trading last
week.
The sanctions on Moscow Exchange and its clearing
agent, the National Clearing Centre (NCC), ultimately led to a
range of varying prices and spreads as trading moved OTC on June
14, obscuring access to reliable pricing for the Russian
currency.
The rouble was 0.1% higher at 88.27 by 0759 GMT, according
to a Reuters analysis of the OTC market. The euro was up 0.2% at
94.38.
The yuan, which was already the most traded currency with
the rouble in Moscow, firmed 0.1% to 12.14.
On the interbank market, where liquidity can be low and
major Russian banks that have been sanctioned by the United
States cannot participate, the rouble traded at 88.55 against
the dollar.
After a particularly volatile session on Thursday, the
market has settled and the rouble is now stronger than before
the sanctions were imposed, partly as dollar trading
restrictions can provoke the sale of foreign currency for
roubles.
The Russian currency is also buttressed by capital controls,
interest rates at 16% and Russia's strong current account
surplus.
Brent crude oil, a global benchmark for Russia's
main export, was unchanged at $82.63 a barrel.