MOSCOW (Reuters) - Russian Finance Minister Anton Siluanov said on Saturday he expected the ruble to recover to 58-60 against the U.S. dollar, RIA state news agency reported.
Siluanov said that the ruble rate of 58-60 per dollar was an "equilibrium" exchange rate for months and still looks justified given today's oil prices, RIA reported.
The ruble has shed 7 percent of its value against the U.S. dollar in the last week, taking a hit from a new round of U.S. sanctions that triggered a sell-off across Russian markets.
(Reporting by Andrey Ostroukh; editing by Jason Neely)
Price
|
Change
|
5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 1,536 PTS | -0.41% | +0.06% | - | ||
| 96.33 RUB | -1.79% | -2.78% | - | ||
