Ruble Rises as Oil Rebounds; 15-Year Notes Decline on Inflation
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The ruble rose against the dollar as oil, Russia’s main export earner, rebounded from a one-week low. Ruble bonds due in 15 years fell for a seventh day as higher-than-forecast inflation spurred bets the central bank won’t lower borrowing costs.
The ruble gained 0.2 percent against the dollar by 7 p.m. in Moscow to 30.0290. The yield on bonds due February 2027 rose two basis points, or 0.02 percentage point, to 7.09 percent, the highest since Jan. 8.