RUR vs FX basket appreciation flat in m/m terms in October.

RUR vs FX basket appreciation flat in m/m terms in October. According to CBR data, RUR vs. trade basket appreciation was 0.0% m/m in October, following a downward revised 0.2% m/m appreciation in September. In ytd, terms, RUR appreciated by 8% in October against 7.9% in September and 9.3% in Oct 2005. RUR strengthening vs. EUR slowed down to 12.6% y/y, while RUR vs. USD strengthening picked up to 9.6%. In nominal terms, USD gained 12 kopeks to 26.86. EUR depreciated against RUR by 20 kopeks to 33.90. Real Exchange Rate Dynamics Oct 05 Sep 06* Oct 06 % y/y % m/m % ytd % y/y % m/m % ytd %y/y %m/m % ytd RUR against basket of currencies 7.5 0.9 9.3 9.9 0.2 7.9 9.8 0.0 8.0 RUR/EUR 10.8 1.9 16.4 12.9 0.6 6.0 12.6 1.1 7.1 RUR/USD 12.0 -0.2 2.1 9.0 0.7 12.1 9.6 0.4 12.5 Source: CBR * - revised data