The currency has grown stronger despite loosened capital controls The Russian ruble set another multi-year high against both the US dollar and euro on Wednesday, even as the central bank loosens capital controls. The ruble was trading below 58 to the euro, its strongest level since May 2015, and below 56 against the dollar, its strongest since February 2018. The quotes are according to Moscow Exchange data as of 07:15 GMT. The Russian currency gave up some of the gains later in the session. The ruble continued to strengthen on Wednesday even as the central bank loosens the capital controls initiated in March to pr
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