Ruble Falls as Oil Offsets Data Hinting Russia Slump Not So Deep
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The ruble fell after its biggest advance in two weeks as declining oil prices overshadowed data showing the nation’s economic slowdown isn’t as deep as predicted.
The currency retreated as much as 0.7 percent and traded 0.1 percent lower at 55.3780 against the dollar by 3:36 p.m. in Moscow. Turmoil in Greece pushed the price of oil, Russia’s main export earner, down 1 percent in London. Government bonds rose for a second day as the Finance Ministry sold all 15 billion rubles ($271 million) of December 2017 floating-rate notes it offered.