Ruble Rallies Below 50 Per Dollar for the First Time Since November
Gaining for the third day in a row
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The ruble strengthened, trading below 50 versus the dollar for the first time since November, as oil rose and Russia sold the most debt in 17 moths.
The currency climbed for a third day, gaining 1.9 percent to 49.951 per dollar as of 12:45 p.m. in New York. It has gained 22 percent this year, the best performance in the world.