Ruble's Advance for Second Day Spurs Talk Central Bank May Act
- Russian lawmakers need `weak, stable' currency: Promsvyazbank
- Gazprom gains amid demand for 50% of net paid out in dividend
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The ruble advanced as oil rose, spurring bets the central bank may try to curb the currency’s gains in order to make it easier for the government to fund the budget.
The Russian currency jumped 0.9 percent to 65.555 against the dollar at 5:47 p.m. in Moscow, poised for its strongest close since November, as Brent crude added 2.8 percent to $44.09 a barrel in London amid a strike in Kuwait that cut output. The ruble has surged 20 percent in the past three months, the best performer in emerging markets, as oil rebounded from a 13-year low in January.