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Russian Ruble RUB

 

Detailed information and fundamental factors

Central Bank: Bank of Russia

Public Debt to GDP Ratio, 2016: 13.7%

Trade Balance, 2016: $94.2 bln.

Inflation, 2016: 7.2%

Sovereign Credit Ratings:

Fitch
BBB-
Positive
Moody's
Ba1
Stable
S&P
BB+
Positive

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 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.

Russian Ruble Gains as Manufacturing Slows Decline, Erases Rally

The Russian ruble gained today as a report released during the current trading session showed that the nation’s slowed its decline last month. The currency has not been able to keep gains, though, and trades below the opening level currently.

Ruble Pulls Back After Massive Gains

The Russian ruble fell on Friday, dragged down by falling crude oil prices. Today’s drop followed yesterday’s massive gains that were also caused by moves of prices for crude.

Russian Ruble Sink on Monday

The Russian ruble sank on Monday against the US dollar and the euro but remained well above the all-time lows. On Tuesday, the currency retained weakness versus the dollar but moved a bit higher against the euro.

Ruble Falls Even as Russia’s Economic Decline Slows

The Russian ruble dropped today even after the report that the sharp decline of Russia’ economy has apparently ended. It looks like investors are still reluctant to come to the country that is under sanctions from the West.

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