Russia’s Ruble Climbs as Turkey Seen Driving Flows to Russia

Updated on
  • Ruble outperforming crude oil on tax, dividend payments
  • Investors may see Russia as Turkey alternative: Promsvyazbank

The ruble extended last week’s rally as exporters bought the currency to pay local dividends and taxes, while some traders speculated the coup attempt in Turkey will spur investors to seek alternatives in the Russian market.

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