Ruble Trims Decline on Oil Gains as Kudrin Report Spurs Optimism
- Brent crude rises for third day in four on U.S. inventories
- Kudrin is said to have met with Putin, Medvedev about new post
Kudrin Said in Talks With Putin for Senior Post
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The Russian ruble pared declines as Brent crude advanced and the nation’s former finance minister was said to be in talks about returning to a senior post.
The currency depreciated 0.2 percent to 72.38 per dollar by 5:59 p.m. in Moscow, having slumped earlier as much as 0.9 percent. The ruble has fallen 8.2 percent this month, compared with a 16 percent retreat in Brent crude. Five-year government notes gained for a fifth day.