Russian rouble nears 4-week high versus dollar

Russian rouble nears 4-week high versus dollar
# 19 August 2022 12:05 (UTC +04:00)

The rouble firmed to a near four-week high against the dollar in early trade on Friday, supported by month-end tax payments that boost demand for the Russian currency, while shares in fertiliser producer Phosagro surged after strong results, APA reports citing Reuters.

At 0704 GMT, the rouble was 0.5% stronger against the dollar at 59.20 after briefly hitting 57.70, a level last seen on July 25.

Against the euro, the rouble gained 0.9% to 59.65 .

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