OREANDA-NEWS. Russian stock indices returned to decline during trading on the Moscow Exchange. So, the RTS index falls by 2.78%, to 937.9 points, according to the trading floor at 11:39 Moscow time. The Moscow Exchange Index is losing about 2% and is at around 2222.42 points.

Indexes began Tuesday with a rebound after falling on Monday, but soon returned to the "red zone". The ruble is still weakening against the dollar, but is strengthening against the euro: the US currency is growing by 0.01%, to 74.67 rubles, the European currency is decreasing by 0.47%, to 83.02 rubles.

The reason for the temporary growth of the Russian market was a technical rebound, said Georgy Vashchenko, head of the department of trading operations on the Russian stock market of IC Freedom Finance. "Yesterday, the US market closed with the strongest decline in many years, today futures are trading in the green zone, adding about 4%. There are no significant events on the local market, the dynamics of external platforms are playing out", he explained.

The rebound occurred amid rising oil prices, which may be due to US purchases of raw materials in the strategic reserve, also said senior analyst at BCS Premier Sergey Suverov. "The situation with the coronavirus pandemic remains decisive, as long as it continues to develop at a frantic pace, markets will remain under strong pressure", he added.