UPDATE 1-Russian rouble climbs to over one-week high past 90 vs dollar

[admin]

The Russian rouble firmed to a more than one-week high past 90 to the dollar on Tuesday, extending gains from the previous session, supported by easing demand for foreign currency as the market looked ahead to Friday's expected interest rate hike. Most analysts polled by Reuters expect Russia to raise interest rates by 100 basis points to 16% on Dec. 15. Inflation pressure exacerbated by labour shortages and lending growth is expected to force the central bank to extend its monetary tightening cycle to one last hike.