MOSCOW (Reuters) – The Russian rouble strengthened previous 81 to the U.S. greenback, supported by rising oil costs, reaching its highest stage since June 28, 2024.
At 0900 GMT the rouble was up 1.5% 80.90 to the U.S. foreign money in skinny commerce forward of the Orthodox Easter vacation. The worth for oil, Russia’s essential commodity, rose by 3% on April 17.
The Russian foreign money is up by over 40% in opposition to the greenback because the begin of the 12 months, primarily on expectation of easing of tensions between Russia and the US.
The rouble has ignored the assertion by U.S. Secretary of State Marco Rubio, that President Donald Trump will stroll away from attempting to dealer a Russia-Ukraine peace deal inside days except there are clear indicators {that a} deal will be achieved.
In opposition to the Chinese language yuan, which is utilized by Russia’s central financial institution for its overseas alternate interventions and is presently essentially the most traded overseas foreign money in Russia, the rouble was up 0.1% to 11.08 on the Moscow Inventory Alternate.
(Reporting by Gleb Bryanski; enhancing by Man Faulconbridge and Nivedita Bhattacharjee)
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