Ruble surges as comeback against dollar continues ...News

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Ruble surges as comeback against dollar continues
The Russian currency has been bolstered by capital control measures introduced by the government The Russian ruble gained ground against major currencies on Monday, edging above 94 rubles to the US dollar for the first time since September 13, trading data from the Moscow Exchange (MOEX) showed. The ruble also rose against the European single currency, trading at 99.9 rubles to the euro as of 09:30 GMT, also a six-week high. Analysts link the ruble’s rebound to a recent regulation ordering Russian exporters to sell their foreign currency revenues and repatriate the proceeds. The measure was announced on October 12

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