• ACI Russia

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


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