The Russian ruble fell to a 15-month low on Thursday, surpassing the 92-per-dollar mark, amid strong demand for the foreign currency. The ruble lost 8% of its value against the US currency after the failed Wagner uprising.
Capital controls have helped shield the ruble from geopolitical fallout in the more than 16 months since Russia invaded Ukraine, but Yevgeny Prigozhin’s failed June 24 uprising rattled financial markets and called into question Vladimir Putin’s grip on power.
By 06:30 GMT on Thursday, the ruble had weakened 1.8% against the dollar to 92.66 per dollar, its weakest since March 28, 2022.
It also lost 1.5% against the European currency, trading at 100.50 rubles per euro EURRUBTN=MCX.
Brent crude, the global benchmark for Russia’s main export, fell 0.3 percent to $76.43 a barrel.
Source: Hot News
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