Fri Dec 12, 2014 5:03am EST
* Central bank expected to intervene to halt the slide
* Rosneft sold 625 billion roubles worth of bonds (Adds trader comments, details)
By Vladimir Abramov and Vladimir Soldatkin
MOSCOW, Dec 12 (Reuters) - The Russian rouble dropped to a new low below 57 against the dollar, continuing a slide that traders said on Friday prompted the central bank to intervene to defend the currency after a rate rise failed to halt its decline.
At 0930 GMT, the rouble was around 1.8 percent weaker against the dollar at 57.44 and down 2.19 percent to trade at 71.40 versus the euro. Russia's stock market indexes also dropped, following weaker oil prices.
The rouble has lost more than 40 percent since the beginning of the year, weakened by a slide in oil prices and aversion to Russian assets that has been fuelled by Russia's standoff with the West over Moscow's role in the Ukraine conflict.
Russia's central bank raised its main lending rate by one percentage point on Thursday but failed to stop the rouble's slide or lift the gloom over the economy.
Some investors said the bank had intervened.
"This, without doubt was the central bank ... I believe it went out to defend the 58 roubles mark and sold some $700 million for a short time," said Aleksei Vorobyov, head of forex operations department at Vozrozhdenie bank.
Russia's central bank said on Friday it had conducted 11.18 billion roubles ($197.44 million) worth of forex market interventions on Dec. 10.
That followed $348 million in interventions on Dec. 9 and around $4.5 billion in interventions last week, even though the central bank floated the rouble in November.
Traders also said the rouble could be being hurt by expected dollar purchases by Russia's top oil producer, Rosneft , which sold 625 billion roubles ($11 billion) worth of bonds on Thursday.
The RTS index fell more than 2 percent to 804.780 points and the MICEX index was 1 percent off at 1,470 points.
The price of oil, which together with sales of natural gas account for half of the Russian budget's revenue, has reached a new 5 1/2-year low due to persistent concerns over a global supply glut and a bearish outlook for demand.
Shares of indebted mining company Mechel were among those leading the losses on the Moscow Exchange, falling more than 7 percent amid a battle over debt claims. ($1 = 57.4920 roubles) (Reporting by Maria Kiselyova, Vladimir Abramov and Vladimir Soldatkin; Editing by Elizabeth Piper and Larry King)
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