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At the same time, the rouble appreciated about 7% against the dollar: the average annual rate stood at 68.6 RUB/$ (2021: 73.7 RUB/$).
Source: https://seekingalpha.com/article/4588678-polymetal-a-work-in-progress?source=feed_all_articles
Following the rate hike decision, the rouble leapt to a more than six-week high against the dollar.
Source: https://www.euronews.com/2023/10/27/russian-central-bank-raises-interest-rate-to-15
Image: A view shows a one Russian rouble coin inside a bulb with crude oil at a laboratory in the Yarakta Oil Field, owned by Irkutsk Oil Company (INK), in Irkutsk Region, Russia in this picture illustration taken March 12, 2019.
Source: https://energycentral.com/c/ec/news-round-march-8-2023-8-germ%C3%A1n-co
The lower supply of foreign currency may also hamper the rouble, said Banki.ru chief analyst Bogdan Zvarich, although that downward pressure should gradually ease as exporters prepare to pay taxes towards the end of the month.