Ruble Carry Appeal Diminished as Volatility Offsets High Rates

  • Carry-to-risk ratio at lowest in a year as currency swings
  • Ruble climbs following steepest two-day drop in six months

The ruble rebounded from its biggest two-day rout since August as oil climbed, while ING Groep NV said the Russian currency’s swings are diminishing its carry-trade appeal.

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