REUTERS
Trading on the Moscow exchange has started with further weakening of the Russian ruble.
Just a few minutes after trading began on Wednesday, the Russian ruble against both key foreign currencies – the U.S. dollar and the euro – became weaker by about a ruble, causing the forex rate against the U.S. dollar breaking through the psychological level of 65 rubles, hitting 65.19 rubles per dollar, which was 91 kopecks more than at the closure of previous trading on Tuesday.
Last time when the dollar exchange rate exceeded the level of 65 rubles was on February 13, 2015.
What is more, the forex rate of the ruble against the euro rose to 72.347 rubles, which was 1.293 rubles more than at the closure of previous trading on Tuesday. Last time the forex rate against the euro exceeded the level of 72 rubles on February 24, 2015, Russian information agency RBC reported.
Analysts connect the weakening of the ruble with a further slump in oil prices. During trading on the Intercontinental Exchange on Wednesday, Brent crude oil futures for October delivery were traded at $49-50 per barrel.