The Russian ruble has made up some of its losses in the past period, as the Russian currency traded at 68 rubles to the dollar today.
By 10:51 Moscow time, the dollar exchange rate fell by 2.02 rubles (1 ruble = 100 kopecks) to 68.25 rubles.
At the same time, the euro exchange rate fell by 3.33 rubles to 72.36 rubles, according to the data of the Moscow Exchange.
Last week, the Russian currency fell significantly against its American counterpart. Regarding the reasons for the fall, Vladislav Antonov, a financial analyst at BitRiver, pointed out that the main task of the ruble weakening is to reduce the budget deficit, and this process is under the control of the financial authorities.
The expert said: “Now several factors are simultaneously pressing on the ruble: upcoming sanctions, a ceiling on oil and gas prices, an increase in the budget deficit, an outflow of capital abroad, and a decrease in oil prices on the world market. .”
Source: RT + News