Ruble Rallies to Strongest in a Month, Paring Big Post-War Loss
- Russian currency now 10% lower against dollar since invasion
- The ruble still second-worst currency in the world this year
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The ruble is rebounding from the steep losses seen since Russia’s invasion of Ukraine, signaling that capital controls may be easing pressure on the currency as officials seek to counter the impact of crippling international sanctions.
The currency extended gains on Monday, advancing for a sixth straight session to close at 89.75 per the U.S. dollar, the strongest since soon after the outbreak of the war late last month.