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WORLD WATCH

International Business

June 22, 1995| Times Staff and Wire Reports

Russian Capital Back as Ruble Rises: Russian capital scared away by high inflation and instability is making a comeback on domestic equity markets, thanks to a fall in dollar returns and U.S. Treasury bill yields, bankers and officials said. With the ruble near three-month highs against the dollar and signs of a timid economic recovery, domestic investors have begun putting their faith back in Russia, they said. Dmitry Vasilyev, deputy chairman of the watchdog Federal Commission on Capital Markets and Securities, said trillions of rubles of local savings were waiting to be invested. He urged the government to woo Russian investors, who hold more than $10 billion in foreign bank accounts.

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