Russian Ruble Climbs on Oil Uptrend, Stocks Rally
Monday, June 1st, 2009
The Russian ruble posted gains against the U.S. dollar for the third day in a row, as the demand for oil increases, causing the Russian stock market to have the highest rally since the beginning of the global slump.
Foreign currency reserves of the Russian Federation grew up for the seventh week in a row and now are at their record high value – $459.6 billion.