NEW YORK – The dollar was lower on Friday and on track for its first monthly decline in 2024 after data showed U.S. inflation rose in line with expectations in April, offering little clarity on how soon the U.S. Federal Reserve will be able to cut interest rates.

Most Latin American currencies rose on Friday as the dollar weakened after a U.S. inflation reading supported expectations of interest rate cuts from the Federal Reserve, while Mexico’s peso edged higher in the lead-up to presidential elections.

Federal budget revenues stood at 8.9 trillion rubles ($98.3 bln) in January-April 2024 against 11.684 trillion rubles ($128.9 bln) planned

Net profit attributed to shareholders under the International Financial Reporting Standards (IFRS) amounted to 399 bln rubles ($4.4 bln) in the first quarter of 2024, the Russian oil major Rosneft reported.

The MOEX index lost 0.72% and reached 3,258.52 points, while the RTS index fell by 1.26% to 1,136.36 points on Friday.

India is seriously considering the opportunity of long-term purchases of pulse crops and wheat from Russia but no final decision has been made so far, a high-ranking official of the Indian Ministry of Agriculture and Farmers’ Welfare told TASS.