The Russian currency rose against the US and European currencies, in trading today, Monday, after a recent decline.
By 12:03 Moscow time, the dollar’s exchange rate had fallen by 39 kopecks (rule = 100 kopecks) to 81.40 rubles, while the euro’s exchange rate had fallen by 83 kopecks to 89.37 rubles.
While the Chinese currency, the yuan, fell by 7 kopecks to 11.82 rubles, according to Moscow Stock Exchange data.
“There are no significant reasons for the continued weakness of the Russian currency,” said expert Yevgeny Loktikov of Prom Svyazbank. The expert predicted that the dollar would decline within a week, with the approaching peak of the tax period this April, to the range of 75-78 rubles.
This article was originally published by RT.