Ruble Weakens for Fifth Day to Basket Amid Crude Oil Decline
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The ruble pared its strongest monthly advance in a year as crude oil fell on speculation the U.S. government is heading for a shutdown that could reduce demand.
The currency of the world’s biggest energy exporter declined 0.2 percent to 37.5525 against the central bank’s target dollar-euro basket by 6 p.m. in Moscow, heading for a 1.5 percent gain in the month and a 0.8 percent drop in the quarter. The yield on government 10-year bonds rose five basis points, or 0.05 percentage point, to 7.32 percent, the highest in more than a week.