Market Updates
Ruble Rebounds 25% After Russia Places Capital Controls
Mukesh Buch
30 Mar, 2022
New York City
Ruble extended gains for the second week after Russia required exporting companies to sell foreign currencies to the central bank, limited purchase of foreign exchange by individuals, and demanded payment for imported gas in ruble. The ruble rebounded from the low of 120 to a dollar reached three weeks ago to 83.50 today on Moscow Stock Exchange.
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