Foreign Currency

Russian Ruble Moves Little ahead of CBR Meeting — TradingView News

The Russian ruble hovered near 92.5 per USD, stabilizing after a couple of mixed sessions linked to the country’s presidential elections.

Vladimir Putin won the elections last week, securing his post for another six years, as expected.

Meanwhile, ruble exercised caution ahead of CBR’s monetary policy meeting on Friday, where the regulator is projected to leave interest rates unchanged and deliver a hawkish tone due to prevalent high price pressures.

Among supporting factors, ruble was underpinned by elevated oil prices and nearing end-of-month tax period which sees exporters convert foreign currency revenues to meet local liabilities.

Source link

Leave a Response