EURRUB

Euro / Russian ruble

According to Reuters, the Russian ruble has reduced its losses after Moscow said at the weekend that it would suspend its participation in a historic grain deal in the Black Sea.

According to Reuters, the ruble was able to recoup earlier losses due to recent events. This result was facilitated by the Ministry of Finance auctions on placement of treasury bonds, as well as the retreat of the basic Russian stock index from more than a month high.

On Tuesday there was a slight decrease of the Russian ruble against the dollar.

The Russian ruble strengthened on Monday thanks to a favorable end-of-month tax period and the prospect of upcoming dividend payments, which also boosted equities as investors await the central bank's interest rate decision on Friday.