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Home In Brief

Russian ruble gains after record low

by  Reuters and ILH Staff
Published on  02-25-2022 10:30
Last modified: 04-15-2022 09:28
Russian ruble gains after record lowReuters/Dado Ruvic/Illustration

Russian ruble coins are seen in front of a stock graph | File photo: Reuters/Dado Ruvic/Illustration

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The Russian ruble firmed on Friday, pulling up from all-time lows hit in the previous session when Russia invaded Ukraine, while stock indexes rose sharply after their biggest one-day fall on record.

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No Russian assets were left unscathed in heavy selling on Thursday. The fighting continued on Friday.

On Friday morning, the ruble gained 2.3% against the dollar to 83.30 after hitting a record low of 89.60 in highly volatile trading the day before.

Against the euro, the ruble firmed 2.3% to trade at 93.49, having hit an all-time low of 101.03 on the interbank market on Thursday.

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