Rouble firms past 60 vs dollar despite eased capital controls

The Russian rouble climbed on Wednesday, firming past 60 per dollar, despite Russia’s decision to ease some capital controls and expectations of an interest rate cut at an upcoming central bank meeting. The rouble has become the world’s best-performing currency so far this year, boosted artificially by capital controls and supported by high prices for commodities, Russia’s key exports. At 1211 GMT, the rouble was 2.2% stronger … Continue reading Rouble firms past 60 vs dollar despite eased capital controls