Ruble Slips From Eight-Month High as Dividend Support Weakens

  • Sberbank sees ruble gains ‘restrained’ through end of month
  • Micex Index on course for 2.5% weekly gain, RusHydro advances

The ruble declined for the first day in four, paring its weekly gain, as Russian exporters slowed the pace of converting export revenue for local dividend payments, removing support that helped the currency outperform the price of oil.

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