The Russian slid today as Russia’s central bank kept its main interest rates unchanged and crude oil, the main nation’s export, traded near the lowest level in six months.
Russian Ruble RUB
Detailed information and fundamental factors
Central Bank: Bank of Russia
Interest Rate: 8.00%
Public Debt to GDP Ratio, 2010: 9%
Trade Balance, 2010: $151.4 bln.
Inflation, 2010: 6.9%
Supporting Factors
Major commodity exporter
strong
High-yielding interest rates
medium
Factors of Weakness
Political instability
medium
High-risk emerging country
strong
Russian Ruble News Archive
Ruble Slows Rally vs. Dollar as Bank Rossii Sells Currency
January 27th, 2012 at 12:50
Russian Ruble
The Russian ruble slowed its rally against the US dollar today on speculation the nation’s central bank sold the currency. The ruble currently is above the opening price, indicating that it may yet continue its rally.
Ruble Drops with Oil, Bank Rossii Eases Control Over Currency
December 29th, 2011 at 11:53
Russian Ruble
The Russian ruble declined today as prices for crude oil dropped amid concerns about the situation in Europe and Russia’s central bank widened the currency’s trading range.
Bank Rossii Lowers Main Interest Rate as Inflation Slows
December 23rd, 2011 at 9:29
Russian Ruble
The Bank Rossii (Russia’s central bank) unexpectedly lowered its main interest rate today on the concerns that the inflation decelerates. The Russian ruble is still up against the US dollar despite the news.
Russian Ruble Falls with Oil
December 19th, 2011 at 17:26
Russian Ruble
Russia’s ruble declined today after crude oil prices fell on the concerns about the power transition and the political stability in North Korea and the uncertainty with the situation in Europe.
Russian Ruble Goes Up with Crude
November 04th, 2011 at 0:21
Russian Ruble
The Russian ruble went higher against the US dollar as crude oil rallied after the positive developments in Europe reinvigorated markets and returned risk appetite to investors.
Russia Ruble Falls Ahead of Greek Referendum
November 01st, 2011 at 10:31
Russian Ruble
The Russian ruble fell today as the concerns about the global economic slowdown weakened crude oil — the main nation’s source of export revenue.
Ruble Slides Before EU Summit
October 26th, 2011 at 14:24
Russian Ruble
The Russian ruble dropped today as the nation’s main oil export blend retreated ahead of the European Union leaders meeting, reducing attractiveness of Russia’s currency.
Europe Helps Oil & Russian Ruble
September 15th, 2011 at 17:39
Russian Ruble
The Russian ruble climbed today, rebounding from the lowest level in eight months against the US dollar, as crude oil gained and the European Central Bank announced its plans to boost liquidity, bolstering risk appetite.
Crude Oil Rallies, Helps Ruble
August 30th, 2011 at 2:30
Russian Ruble
The Russian ruble retreated after its has gained as crude rallied for the third day on optimism for global economic, making Russia’s currency more interesting for investors who are willing to risk in search for higher yield.