After months of appreciation, the Russian ruble fell on the Moscow Stock Exchange. Against the US dollar and the euro, the Russian currency lost about 10 percent on Tuesday. According to RBC news agency, the loss over the past three trading days has increased to about 20 percent.
At the end of the trading day, one dollar cost more than 61 rubles, while one euro was equal to 63 rubles. On the trading day, the values \u200b\u200bpeaked at 62 and 64 rubles, respectively. The ruble hasn’t been that weak since early May.
It is clear that the ruble is worth more than it was before the Russian invasion of Ukraine at the end of February. The currency rose sharply due to massive restrictions on currency exchange and Western sanctions against Moscow, which reduced Russian imports. As a result, the demand for the euro and the dollar in Russia also decreased.
According to experts, the decline of the ruble is associated with the easing of the currency policy of the Central Bank of Russia and the expectation that it will begin to buy foreign currency again on the stock exchange. In addition, Russian imports have increased again slightly recently.
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