Moscow-Sana
The Russian ruble recorded a new high against the American and European currencies in today's trading, as the dollar fell below the level of 60 rubles for the first time since the end of last May.
According to Russia Today, the data of the Moscow Stock Exchange showed a decline in the dollar exchange rate by 1.36 rubles to 59.72 rubles, and the euro exchange rate by 1.96 rubles to 63.61 rubles.
The rise of the Russian currency comes two days before a meeting of the Board of Directors of the Russian Central Bank, where the meeting next Friday will discuss the country's monetary policy, amid expectations that the Central Bank will decide to cut the main interest rate.
Experts agree that the Russian Central Bank will reduce the Russian interest rate in light of the rise in the ruble, especially after the rise of the Russian currency today, but experts differ on the rate of reduction, as some experts expect a 2% cut, while others point to 1%.
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