Abstract: Context. Dynamic model atmospheres of Mira stars predict variabilities in the photospheric radius and in atmospheric molecular layers which are not yet strongly constrained by observations. Aim. Here we measure the variability of the oxygen-rich Mira star R Peg in near-continuum and molecular bands. Methods. We used near-infrared K-band spectro-interferometry with a spectral resolution of about 4000 obtained at four epochs between post-maximum and minimum visual phases employing the newly ava…