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Russia’s Ruble rebounds

Posted by seumasach on March 2, 2015

in Biggest Monthly Gain Since 1990s

“There is growing recognition among market participants both outside and inside Russia that Russian authorities have strong preference for weaker ruble,” Deutsche Bank said in a note to investors Friday.

Moscow Times

1st March, 2015

The Russian ruble has recorded its biggest monthly gain since the early 1990s amid higher oil prices, an easing of the fighting in eastern Ukraine and a less intensive foreign debt repayment schedule as it claws back some of the losses it sustained during panic on currency markets last year.

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