MOSCOW, Nov 23 Reuters The Russian rouble strengthened on Wednesday ahead of three OFZ treasury bond auctions by the finance ministry, as the market awaited information on a price cap on Russian oil exports.

At 0802 GMT, the rouble was 0.3 stronger against the dollar at 60.48 and had lost 0.1 to trade at 62.37 versus the euro . It had firmed 0.3 against the yuan to 8.45 .

Russia has sharply increased its domestic borrowing in recent weeks after a monthslong hiatus. The finance ministry sold a record volume of government debt in a single day at last week39;s auctions and will once again offer three papers at auctions later on Wednesday.

Traders are waiting for a Group of Seven nations39; price cap on Russian oil exports to be announced, which is due to be implemented on Dec. 5, as part of sanctions intended to punish Moscow for its actions in Ukraine.

Uncertainty surrounding Russia39;s oil exports is weighing on the oil and gas sector on Russian stock markets, Sinara Investment Bank said in a note, but the announcement of the price ceiling today should bring clarity.

Brent crude oil , a global benchmark for Russia39;s main export, was up 0.9 at 89.1 a barrel.

Russian stock indexes were lower.

The dollardenominated RTS index was down 0.6 to 1,136.1 points. The roublebased MOEX Russian index was 0.7 lower at 2,181.2 points.

Reporting by Alexander Marrow; Editing by Emelia SitholeMatarise

Source Reuters