08/14/1998 07:22:55 Russian rouble quoted outside c.bank miniband
MOSCOW, Aug 14 (Reuters) - The rouble was quoted well
outside the Russian central bank's daily target band early on
Friday amid cripplingly low liquidity and persistent devaluation
rumours, dealers said.
On the interbank market, the rouble for tomorrow settlement
was at 6.3650/6.3800 against the dollar at 0710 GMT, compared
with the target bid/offer corridor of 6.2700/6.3100 roubles per
dollar and compared with 6.3600/6.3850 late on Thursday.
The Russian central bank said on Wednesday that low
liquidity and low confidence in the banking system were bringing
interbank trade virtually to a halt. Rouble buyers have been
difficult to find.
((Moscow Newsroom, +7095 941-8520