Ruble's Three-Week Rally Has Sberbank Predicting Longer Advance

  • Russian currency gets boost from oil near $50, taxes
  • Micex stock index supported by Uralkali jump on buyback

The ruble strengthened in a third week of gains, heading toward a resistance level that Sberbank CIB said could be surpassed as crude prices stabilize and companies convert export earning to pay taxes.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.