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Name Symbol Market Type
US Dollar vs Russian Ruble FX:USDRUB Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.0% 77.5903 77.5553 77.6253 77.5903 77.5903 0 00:00:00

Russian Ruble Climbs Against U.S. Dollar After Russia Rate Decision

27/04/2018 8:23am

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The Russian Ruble advanced against the U.S. dollar in the European session on Friday, after Russia's central bank decided to leave its key interest rate unchanged as the bank judged that the potential for key rate reduction to shape neutral monetary conditions shrank somewhat.

The Board of Directors of the Bank of Russia said they maintained the key rate at 7.25 percent. The bank had lowered its rate by 25 basis points each in March and February.

The bank assumed that monetary policy will become neutral in 2018.

The Russian ruble rose to 62.24 against the greenback, from a low of 62.79 seen at 3:45 am ET. On the upside, 60.00 is likely seen as the next resistance for the Russian Ruble.

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1 Year US Dollar vs RUB Chart

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1 Month US Dollar vs RUB Chart
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