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MOSCOW, Nov 8 (Reuters) – The Russian rouble edged lower on Tuesday, giving up some of the gains made in the previous session and pulling back from a more than two-week high hit against the dollar in early trade.
At 0805 GMT, the rouble was 0.2% weaker against the dollar at 61.13 , falling away from 60.8625, its strongest point since Oct. 21.
It had lost 0.1% to trade at 60.96 versus the euro and had firmed 0.4% against the yuan to 8.38 .
“We expect the rouble to weaken in the course of trading,” said Banki.ru Chief Analyst Bogdan Zvarich. “A correction on the energy market and a lower supply of foreign currency from exporters could put pressure on the rouble.”
The rouble is the world’s best-performing currency this year, supported by capital controls and an initial collapse in imports as a result of Western sanctions on Russia…
