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Ruble Hits 13-Month Low on Falling Oil Prices

The Russian ruble fell to a lowest turn opposite a dollar and euro given Dec 2014 on Monday amid a dump in oil prices and descending stocks, a Interfax news group reported.

On Monday morning a Russian ruble fell to 76 opposite a U.S. dollar and 83 opposite a euro.

The dump comes amid a stability decrease in a tellurian prices for oil, Russia’s vital export. As of Monday morning, a cost of Brent wanton oil forsaken to $32.52 per barrel, down 12 percent given a start of a year, a TASS news group reported.

The ruble started to redeem a waste following a slight boost in oil prices after that day. The Russian banking was trade during 75.33 opposite a U.S. dollar and 81.93 opposite a euro on Monday afternoon.

Since a commencement of 2014, a Russian banking has mislaid half of a value opposite a U.S. dollar.

Article source: http://www.themoscowtimes.com/article/555457.html