MOSCOW, April 9 (Reuters) - Russian shares and the rouble rebounded on Tuesday on higher oil prices and increased appetite for risk among international investors, but gains were tamed by worries about the health of the domestic economy.
At 0755 GMT, the dollar-denominated RTS index was up 0.8 percent at 1,430.64 points, while the rouble-traded MICEX traded 0.6 percent higher at 1,417.22 points, in line with the broad emerging market index.
Metals and mining shares performed the best in a typical move when aversion towards riskier or developing market assets abates. Norilsk Nickel and Severstal were among the best performers, adding 1.0 percent and 1.1 percent, respectively.
Oil prices edged higher to above $104 a barrel of Brent crude, adding support to the commodity-heavy Moscow Exchange, of which RTS and MICEX are part, and to the Russian rouble, which sought to bounce off multi-month lows on Tuesday.
The rouble traded 0.5 percent higher against the dollar at 31.20, but 0.2 percent lower versus the euro at 40.67. It was 0.1 percent stronger at 35.44 against the dollar-euro basket the central bank uses as a gauge for the rouble's nominal exchange rate.
News suggesting that the Russian economy growth is slipping more than expected kept the market gains in check.
The economy grew by an estimated 1 percent in the first quarter, forcing a likely downward revision in gross domestic product growth forecast for the year from the current 3.6 percent.
'The new estimates ... allow us to conclude that the investment pause in the Russian economy has continued already for a whole year,' analysts at Nomos bank wrote in a note on Tuesday.
'Additionally, in the beginning of 2013, it seems that consumer demand is also weakening. It cannot be ruled out that Russia has already entered a recession.'
(Reporting by Lidia Kelly; Editing by Alistair Lyon) Keywords: RUSSIA MARKETS/
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