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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 | 0.00% | 93.43 | 93.42 | 93.44 | 93.43 | 93.43 | 0 | 01:00:00 |
From May 2019 to May 2024
The Russian Ruble strengthened against the U.S. dollar on Tuesday, after the Bank of Russia's surprise rate hike to limit the slide in the domestic currency and risks to inflation.
In an emergency meeting early in the day, Russia's central bank lifted its key rate to 17 percent from 10.5 percent, effective today. This was the sixth rate hike this year. The upward adjustment came after 100 basis point-hike last week.
The central bank also raised its repo rate to 18 percent from 11.5 percent. Further, it increased the foreign currency offering via repo auctions to $5 billion from $1.5 billion and decided to conduct 12-month forex repo auctions on weekly basis.
The ruble snaped back to 57.86 per dollar, up by 12.8 percent from yesterday's record low of 66.33. The next possible upside target for the ruble is seen around the 57.5 zone.
1 Year US Dollar vs RUB Chart |
1 Month US Dollar vs RUB Chart |
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