Ruble Gains Third Day on Rising Oil, Draghi Support for Bonds
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The ruble strengthened for a third day as oil gained and investors bet Europe’s debt crisis will be contained, stoking appetite for riskier assets.
Russia’s currency advanced 1.1 percent to 31.9380 at 6 p.m. in Moscow. The ruble gained 1 percent versus the euro at 40.3050, leaving it 1 percent higher against the central bank’s target euro-dollar basket. Non-deliverable forwards showed the ruble at 32.3915 per dollar in three months.