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Russian Ruble RUB

 

Detailed information and fundamental factors

Central Bank: Bank of Russia

Interest Rate: 7.00%

Public Debt to GDP Ratio, 2017: 11.8%

Trade Balance, 2018: $16.5 bln.

Inflation, 2018: 2.9%

Sovereign Credit Ratings:

Fitch
BBB
Stable
Moody's
Baa3
Stable
S&P
BBB-
Stable

Supporting Factors

Major commodity exporter

strong

High-yielding interest rates

medium

Factors of Weakness

Political instability and irresponsibility

medium

High-risk emerging country

strong

The Russian ruble is the currency of the Russian Federation, while currencies called “ruble” were also used in the Russian Empire and the Soviet Union. The currency faced a massive devaluation, leading to a redenomination in 1998. The Russian ruble relies on export of crude oil. Therefore the ruble’s performance depends on prices for the commodity.



Russian Ruble News Archive

Russian Ruble Gains Despite Interest Rate Cut

Russia’s central bank continued with its monetary easing, lowering interest rates today. But that did not prevent the Russian ruble from gaining on the US dollar, which was rather soft today due to unexpectedly weak nonfarm payrolls.

Russian Ruble Gains on Calls for G7 Reinstatement

The Russian ruble is gaining on Thursday after renewed calls to reinstate Moscow into the G7. After being ousted from the group of eight economies over the annexation of Crimea in 2014, Russia might return to the table and engage with other economic powerhouses. Data is also lifting the ruble toward the end of the trading week.

Russian Ruble Slumps on Weak Data, Geopolitical Risk

The Russian ruble is slumping midweek after a few pieces of economic data disappointed investors. This comes one day after the currency endured major swings on reports of a possible military fallout between the US, Russia, and the European Union following several events that appeared to be isolated from one another.

Ruble Gains vs. Dollar Despite Interest Rate Cut from Bank of Russia

The Russian ruble gained today versus the US dollar even after Russia’s central bank cut its key rate.

Russian Ruble Falls Along with Crude Oil

The Russian ruble fell today, following the drop of crude oil — Russia’s main export.

Russian Ruble Falls a Bit After Bank of Russia Policy Announcement

The Russian ruble fell a bit against the US dollar today after the Russian central bank kept its monetary policy unchanged but signaled that it may cut interest rates in the future.

Russian Ruble Falls After Interest Rate Cut

The Russian ruble fell versus the US dollar today after Russia’s central bank cut its main interest.

Russian Ruble Sinks After Doha Meeting Failure

The Russian ruble dropped today as the meeting of major oil-producing countries in Doha failed to bring an agreement on freezing oil production.

Russian Ruble Drops Along with Crude Oil

The Russian ruble declined today as prices for crude oil continued to fall, endangering the Russian economy that largely depends on oil exports.

Ruble Gains with Crude Oil Prices

The Russian ruble rose against the US dollar with the help of rising crude oil prices. Comments from Russian President Vladimir Putin perhaps also played a part in the ruble’s rally.

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