The ruble continued to appreciate today and hit a two-month high against the dollar , supported by increased sales of foreign currency and strengthened capital controls, reported Reuters, quoted by BTA.
In midday trade, the ruble added 0.4 percent to 90.38 rubles per dollar, its highest level since March 7.
The ruble also rose in price against the euro - by 0.3 percent to 98.40 rubles, and against the yuan - by 0.7 percent to 12.49 rubles.
Strict capital controls imposed in October 2023 require hundreds of exporting firms to sell most of their foreign currency domestically to support the ruble. In April, this regime was extended for a year.
Foreign currency sales surged to an average of 6.3 billion rubles a day in May, up from 600 million a day in April, seriously supporting the ruble.