MOSCOW, Nov 18 (Reuters) - Russian stocks rose on Monday, capitalising on an improved tone on global emerging markets, with coal miner Mechel leading on news its large debt could be restructured.
At 0725 GMT, Mechel added 5.3 percent, helping the rouble-traded MICEX to gain 0.6 percent to 1,502 points. Russian state-controlled bank VTB has agreed to join other creditors in restructuring Mechel's $9.6 billion debt .
'When it comes to Mechel, a further upward correction is likely after the unexplained total drop on Wednesday,' said Alexandr Kostyukov, an analyst at Veles Capital in Moscow.
Mechel's shares lost more than 40 percent on Wednesday on worries about the company's financial situation.
The dollar-denominated RTS index was up 0.5 percent to 1,451 points.
'There is an increased appetite for risk among market players,' Anastasiia Sosnova, an analyst at Rossiysky Capital, said in a morning note, though she warned that major moves on Russian markets were unlikely.
The rouble was unchanged at 32.58 against the dollar and 43.95 per euro, with increased demand for the currency due to monthly taxes countering pressure from weaker oil prices.
It was also flat against the euro-dollar basket at 37.69 .
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(Reporting by Lidia Kelly; editing by Patrick Graham) Keywords: RUSSIA MARKETS/
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