OPEC Nudges Ruble to Level That Sparked Putin Warning: Chart

The ruble’s 1.3 percent gain after OPEC’s surprise deal yesterday to cut output has driven the currency of the world’s biggest energy exporter toward 63 per dollar. The last time it traded at that level President Vladimir Putin warned his prime minister that the currency’s strength needed to be watched. The remarks sparked a 6 percent tumble over the next two weeks.

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