Russian stock market smashes historic high on weaker dollar & rising crude ...News

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Russian stock market smashes historic high on weaker dollar & rising crude
The main ruble-denominated index on the Moscow Exchange reached the 3,700-point level for the first time ever on Monday, as global oil prices continue to climb. The ruble-traded MOEX index was up nearly 0.7% on Monday afternoon and stood at 3,708 points as of 11:55am GMT. Earlier in the day, the index, which covers stocks of major Russian companies listed on the Moscow Exchange, hit a new all-time high of 3,711 points. Also on rt.com Russian economy returns to growth after pandemic-fueled downturn The index has risen over 12% since the beginning of the y

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