Russian car sales rose 42 pct year-on-year in April and 5.5 pct month-on-month [ID:nLDE74A1X5] which is another sign of a recovery in domestic consumer demand, Vladimir Osakovsky, economist at Unicredit, said in a note. "We believe the news is positive for the rouble, as the signs of economic recovery keep the door open for further monetary tightening by the central bank." The c.bank is expected to hike interest rates further to help meet 2011 official inflation target of 6.5-7.5 pct. ...
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