UPDATE: Russian ruble falls after correction attempts at opening
(Adds new ruble quotations in paragraph 2, two last paragraphs)
MOSCOW, Apr 10 (PRIME) -- The Russian ruble has returned to a decline hitting new lows after attempts to bounce back at opening, as seen by PRIME on Tuesday.
The ruble fell 2.27 rubles against the U.S. dollar to 62.93 and decreased 2.6 rubles against the euro to 77.3 as of 10:54 a.m. Moscow time, according to data of the Moscow Exchange.
Experts say that the bear sentiment may be linked with pending sell orders set on Monday following the market meltdown. The U.S. dollar and the euro are trading in wide ranges specific to crack-downs on stock markets.
Most blue chips grew on the Moscow Exchange as of 11:15 a.m. Moscow time. Lukoil added 4.45%, Tatneft rose 3.22% and Severstal soared 3.19%. Sberbank is the main loser, the stock lost another 5.17% at the time.
Sberbank’s global depositary receipts (GDRs) also dropped by over 10% on the London Stock Exchange.