UPDATE 2: Russian ruble, stock indices try to recover from previous losses

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MOSCOW, Apr 10 (PRIME) -- The Russian ruble has bounced back from a local bottom and is trying to win back its previous losses, as seen by PRIME on the Moscow Exchange on Tuesday.

The ruble fell 2.10 rubles against the U.S. dollar to 62.76 and decreased 2.62 rubles against the euro to 77.33 as of 12:36 p.m. Moscow time.

The ruble hit the lowest of 63.95 against the dollar and 78.77 against the euro earlier in the day.

Experts say that the morning’s bear sentiment may be linked to pending sell orders set on Monday following market turmoil. The U.S. dollar and the euro are trading in wide ranges specific to crack-downs on stock markets.

The MOEX Russia Index rose 1.91% and the RTS decreased 1.99% as of 12:58 p.m. Moscow time.

Most blue chips grew -- Lukoil added 5.86%, Norilsk Nickel surged 5.67% and Tatneft rose 4.62%. Sberbank is the main loser with the stock falling another 4.13%.

Sberbank’s global depositary receipts (GDRs) also dropped by over 10% on the London Stock Exchange.

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