Top Forex News

Live Forex news from all over the world.

    Archives

Russian Ruble RUB

 

Detailed information and fundamental factors

Central Bank: Bank of Russia

Interest Rate: 4.50%

Public Debt to GDP Ratio, 2020: 18.9%

Trade Balance, 2019: $129 bln.

Inflation, 2019: 4.5%

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 Slips on Higher Producer Prices, Capped by Energy Rally

The Russian ruble weakened against its US peer on Tuesday as higher producer prices and weaker industrial production weighed on the currency. The ruble has recorded modest gains against the greenback, driven by rising energy prices and broader optimism in the nation’s economic recovery.

USD/RUB Rises As Moscow Plans to Wind Down Support Programs in 2021

The Russian ruble is weakening against its US counterpart in the middle of the holiday-shortened trading week. After multiple session gains this month, the ruble is trying to end the year on a high note after becoming one of the worst-performing currencies in global foreign exchange markets. Geopolitical tensions and disappointing economic data could serve as additional barriers for the ruble in 2021.

USD/RUB Rises Amid Mixed Economic Data, Wheat Taxes

The Russian ruble is continuing to pare its gains from the last month amid mixed economic data. But experts think that Russia will begin to recover next year, joining the rebound in the broader global economy. With a commodities boom, could Moscow see a dramatic resurgence over the next 12 to 18 months?

Russian Ruble Flat As October GDP, Retail Sales Disappoint

The Russian ruble is trading relatively flat against several currency peers to close out the trading week. The ruble has witnessed a resurgence this week as foreign exchange traders poured into the currency amid a significant rally in Brent crude oil prices. But the gains may have been capped by disappointing economic data. With tighter lockdown restrictions in Europe, could the ruble come under pressure in the home stretch of 2020?

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.

Navigation

Menu