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Currency: The ruble hits its lowest level in more than three weeks

31/07/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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As a favorable fiscal period comes to an end and after drone attacks in the heart of Moscow damaged two office buildings in the Moskva-Citi business district, the Russian ruble hit its lowest level in more than three weeks against the US dollar on Monday.

The ruble was 0.1% weaker against the dollar at 91.82, at 07:33 GMT. Earlier, it fell to 92.7725, its weakest point since July 6. The ruble lost 0.3 percent to 101.25 against the euro and lost 0.3 percent against the yuan to 12.83. It has weakened this year due to the fall in exports and the resumption of imports. It reached its lowest level in more than 15 months at the beginning of July.

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