The newly designed Russian 100-rouble banknotes are seen at the Goznak printing factory in Moscow, Russia July 6, 2022. Moscow News Agency/Handout via REUTERS
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- This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine
MOSCOW, July 28 (Reuters) – The Russian rouble gave up early gains on Thursday to slide lower in volatile trade, pressured bythe end of a favourable tax period and by expectations that the government may try to curb the currency’s recent strengthening.
Thursday marks the deadline for income tax payments that help support the rouble. This could see exporters cut back on selling their foreign currency earnings, although Russia’s strong current account surplus may shield the rouble from any significant weakening.
The rouble is also under pressure amid market expectations that the government may take steps to…
