CBR, govt responding to ruble depreciation correctly, will have good results - Putin

SOCHI. Oct 6 (Interfax) - Russia's Central Bank and government are responding to the weakening of the ruble and these steps are correct, President Vladimir Putin said at a meeting of the Valdai Club in Sochi.

"Yes, we have problems, we see them - nonreturn of revenue, weakening of the national currency. We see this. Both the Central Bank and the government are responding to this. I'm confident that the steps are correct and there will be good results," Putin said.

The U.S. dollar, euro and Chinese yuan rose steadily against the ruble on the Moscow Exchange on Thursday, with the dollar closing above 100 rubles. The ruble fell steeply against the dual currency basket in the absence of new measures from the Russian authorities to stabilize the exchange rate, Interfax-CEA analysts said.

The dollar was at 100.41 rubles at 7:00 p.m. Moscow time Thursday, 82.50 kopecks higher than the previous day's close. In the course of the day, the dollar rose to 100.55 rubles for the first time since August 14. The euro was up 1.01 rubles at 105.77 rubles at 7:00 p.m. Moscow time and in the course of earlier trade rose to 105.95 rubles for the first time since August 16. The dual currency basket ($0.55 and EUR0.45) rose 0.9071 rubles to 102.82 rubles, and the yuan climbed 0.098 rubles to 13.727 rubles, the highest it has been since August 14.

Putin said in mid-September that the Russian authorities were seeing "moderate" repatriation of revenue by exporters. "Logistical supply chains have now already virtually recovered. Everything has sort of normalized. But we see, this is related also to the national currency's exchange rate among other things, reticent return, I'll put it mildly, of forex revenue, a desire to again place it somewhere abroad. We see this, after all, we understand everything," Putin said at the Eastern Economic Forum.

He said at the time that an agreement must be reached with businesses. "They must understand and proceed from the fact that it is safer to work here, so there is no need to step on the same rake. I'm confident that those whom I'm addressing understand me," Putin said. However, he added that no one will make any "sudden moves" in the area of currency control measures.

Central Bank chief Elvira Nabiullina said a littler later that the share of rubles in exporters' revenues amounted to 42%, according to the latest data, and that exporters were continuing to sell about 90% of repatriated forex revenue.