Ruble Leads Emerging-Market Gains as Russia-Saudi Oil Cap Seen

  • Currency could reach 63 per dollar before Doha meeting: ING
  • Net capital outflow was smallest in first quarter since 2007

Russia’s ruble led gains in emerging markets after Interfax reported the nation’s talks with Saudi Arabia resulted in a consensus on oil output, pushing the currency of the world’s biggest energy exporter to the highest level in more than four months.

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