INSUBCONTINENT EXCLUSIVE:
Rouble recoups in early trade after crashing to a record low previouslyThe Russian rouble recouped most of its losses in early trade on
Tuesday after its crash to an all-time low in the previous session.A fraction of calm returned to currency markets after officials from
Russia and Ukraine held an initial round of ceasefire talks four days after Russia invaded its neighbour.Investors rediscovered their
appetite for risky bets even as they watched the conflict in Ukraine unfold and weighed its economic implications, notably regarding energy
prices.Global share markets have been whiplashed in recent days tracking Russia's invasion of Ukraine and the US and its allies' ramping
up of sanctions, including limiting Moscow's ability to deploy its foreign currency reserves.Last night, high-level talks between Kyiv and
Moscow ended with no agreement except to keep talking, but stock markets stabilised on signs of no immediate escalation of
sanctions.Russia's rouble fell nearly 30% to a record low of 120 per dollar earlier on Tuesday, after sanctions were slapped on Russia
But the following action by Russia's central bank to hike interest rates and exert capital controls, the Russian currency has recouped
most of those losses against the dollar
Bank index, but currency markets were pretty quiet on Tuesday."News from Ukraine remains bleak, with Russia-Ukraine talks yielding no
resolution," Rodrigo Catril, a senior foreign-exchange strategist at National Australia Bank, told Reuters."Fighting rages on as the West
