Russian rouble coin is seen in this illustration taken April 7, 2022. REUTERS/Dado Ruvic/Illustration
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May 11 (Reuters) – The Russian rouble pared early short-lived losses and surged past 67 against the U.S. dollar on Wednesday, artificially boosted by capital controls, while stocks were mixed after a long weekend.
The rouble has been volatile for weeks in thin trade in Moscow, propped up by capital controls but pressured by concerns about more sanctions being imposed on Moscow over what it calls a “special military operation” in Ukraine.
At 1508 GMT, the rouble was up 3% to 67.28 against the dollar on the Moscow Exchange after hitting 66.50, not far from last week’s high of 65.31 – its strongest level since March 2020.
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“Exporters are likely to beef up FX sales starting today, as they need roubles to pay taxes in two…
