Rising oil prices have not propped up the Russian currency The Russian ruble fell to its lowest exchange rate against the US dollar since last April on the Moscow Exchange on Monday. The currency slipped to 78.53 rubles to the dollar in afternoon trading, the weakest rate since late April 2022. The ruble also traded at over 85.34 against the euro. The ruble weakened despite a surge in global oil prices, which gained more than 6% on Monday. This happened after the OPEC+ group of oil producing countries announced a plan to slash their combined crude output by another 1.15 million barrels per day starting from May un
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