Yuan ended October 14 Moscow Exchange trading at 12.446 rubles

The yuan fell to 12.446 rubles on Moscow Exchange by 7 p.m. Moscow time on October 14. It declined 11.8 kopecks from the previous close, according to exchange data.

The yuan contract with next day settlement opened at 12.5475 rubles. Its session low was 12.4325 rubles and its high was 12.5635 rubles. The Chinese currency had closed at 12.564 rubles on October 13.

Dmitry Khomyakov, head of trust management at KSP Capital Asset Management, told Interfax that expectations of higher export revenue from diesel supplies were supporting the ruble. He also cited expectations that the central bank would keep interest rates high.

The Bank of Russia set its official dollar rate for October 15 at 83.9497 rubles, an increase of 8.22 kopecks. The official euro rate rose 15.06 kopecks to 93.9229 rubles.