Ruble hits 7-year high vs dollar

Tuesday, 21 June 2022newsdesk

The ruble soared on the Moscow Exchange on Monday, reaching a new multi-year high against the US dollar.

New Delhi, 21 June 2022

As per news report of Rt.com, the rally comes despite the Central Bank proposal last week to scrap capital controls that have supported the currency in the face of international sanctions. The Russian currency briefly dipped to 55.44 rubles to the dollar on Monday, its strongest level against the US currency since June 2015, before later retreating slightly. The ruble was also trading just above 58 against the euro, also close to a seven-year high.

Source -Rt.com