Russian rouble eases in early trade, stocks stay near recent highs

MOSCOW, Sept 2 ― The rouble eased back from the 60 mark against the dollar and euro in Moscow trade today, while Russia's benchmark MOEX stock index hovered near a more than three-month high clipped early in the session.

So far this year, the rouble has been the world's best-performing currency, buoyed by emergency capital controls rolled out by the central bank in a bid to halt a mass sell-off. This helped to avoid an economic meltdown that many had predicted. Russian stock indexes surged to their highest in recent months this week, buoyed by gas giant Gazprom's GAZP.MM board recommending the payment of 51.03 roubles per ordinary share in dividends on the first half of 2022.

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