Moscow-Sana
Today, the Russian currency recorded its highest level in nearly two weeks against the US dollar, as the dollar exchange rate fell below the level of 56 rubles.
According to Russia Today, the dollar exchange rate fell to 55.50 rubles, while the euro exchange rate fell to 56.52 rubles, according to Moscow Stock Exchange data.
On the reasons for the recent rise of the Russian currency, Sergey Sovirov, an investment strategist in one of the companies, said: “The recent rise of the ruble is linked to the beginning of the tax period in Russia.”
At this time the Russian currency is traditionally rising and oil prices are supporting the ruble as it is trading above $100 per barrel.
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