The ruble rose to its highest level in more than three weeks versus the dollar and the euro on Thursday, as did Russian equities. By 1444 GMT, the ruble was up 2. 4 percent versus the dollar, trading at 59. 27 after touching its highest level since July 26 at 58. 90.
The ruble gained 2.8% versus the euro, reaching 59.94, its highest level since late July. Because of capital limitations, the ruble has been the best performing currency in the world this year.
The ruble’s volatility reduced when it touched a record low of 121. 53 per dollar on the Moscow market in March, only days after Russia committed tens of thousands of troops to Ukraine on February 24, and then soared to a seven-year high of 50. 01 in June.
In the bond market, two-year Treasury rates fell to their lowest level in more than a week at 8.90 percent before rebounding to 9.01 percent at Wednesday’s close.
The RTS index in US dollars increased 2.7% to 1,167. 1 points.
The Moscow Stock Exchange index increased 0. 4 percent to 2,196. 1 points.
The Russian currency has risen to its highest point in three weeks.
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