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Currency: The ruble hits its highest level in over two weeks

29/02/2024
Source : ORISHAS FINANCE
Categories: Economy/Forex

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Backed by high oil prices and month-end tax payments by exporters, the Russian ruble exceeded 91 to the dollar for the first time in over two weeks.

The ruble gained 0.4% at 07:16 GMT to trade at 98.64 against the euro and strengthened by 0.2% against the yuan at 12.58. It was 0.2% stronger against the dollar at 90.96, its highest point since Feb. 12. The ruble's position may deteriorate later in the session according to Banki.ru chief analyst Bogdan

Zvarich.
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