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Russian currency on the rise after Putin says Ukraine ceasefire agreement reached

February 12, 2015, 13:14 UTC+3 MOSCOW
The ruble strengthened after a significant fall in the first few hours of trade on Thursday
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© TASS/Sergei Konkov

MOSCOW, February 12. /TASS/ The dollar fell against the ruble on the Moscow Stock Exchange by 75 kopecks to 64.50 rubles, while the euro fell by 66 kopecks to 73.29 rubles.

In the first few hours of trade on Thursday, the dollar rose by 2.25 rubles and amounted to 67.5 rubles, while the euro rose by 2.46 rubles to 76.41 rubles,

The ruble began to strengthen against the dollar and euro right after the Russian President Vladimir Putin made a statement that the Normandy Quartet was able to reach a ceasefire agreement.

"Despite all the difficulties of the negotiation process, we were still able to agree on what's most important," President Putin told journalists in Minsk, talking about the ceasefire agreement that is to take effect on February 15, and heavy artillery withdrawal.

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