Ruble Gains as ING Says Strength Will Belie Next Week’s Rate Cut
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The ruble strengthened for a third day as ING Groep NV said even the prospect of an interest-rate cut next week won’t abate gains.
The Russian currency advanced 0.8 percent to 64.56 against the dollar by 5:47 p.m. in Moscow. Brent oil has added 3 percent in the past three days. The Micex Index of major stocks rose 0.9 percent to 2,035, touching a record for a third day, led by Gazprom PJSC.