Ruble nears five-year high against euro

Tuesday, 17 May 2022newsdesk

The Russian ruble is edging towards a five-year high against the euro on Monday, demonstrating unprecedented resilience amid the most drastic sanctions ever imposed on Moscow by the West.

New Delhi, 17 May 2022

As per news report of Rt.com, the ruble was named the world's best-performing currency by Bloomberg last week. The ruble strengthened by over 1% to trade just above 65 rubles to the euro, getting close to its strongest position since June 2017. The Russian currency made similar gains against the US dollar, trading above 63 rubles per dollar, hovering near its strongest exchange rate against the greenback since February 2020.

Source -Rt.com