Ruble Gains for Fourth Day on Oil, Taxes: Russia Reality Check
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Markets are reacting in real time to tension in Ukraine following Russia’s March incursion into Crimea and subsequent unrest in the country’s east, where pro-Russian separatists seek autonomy from Kiev.
The ruble strengthened 0.3 percent to 46.719 per dollar at 12:53 p.m. in Moscow, trimming its decline since Feb. 28, the day before President Vladimir Putin’s incursion, to 23 percent. The Micex Index rose 0.7 percent to 1,528.82, giving an advance in the period of 5.8 percent. The yield on local-currency bonds due February 2027 rose three basis points to 10.24 percent, stretching its increase since Feb. 28 to 188 basis points.