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Russian ruble recovers amid rise in oil prices

August 27, 2015, 20:32 UTC+3 MOSCOW
The dollar on Thursday on the Moscow Stock Exchange fell by 3.14 rubles, to 65.76 rubles, the euro dropped by 3.98 rubles to 73.93 rubles
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©  ITAR-TASS/Stanislav Krasilnikov

MOSCOW, August 27 TASS / The ruble is rising sharply against the dollar and euro, almost completely offsetting the losses of the previous week. Thus, the dollar on Thursday on the Moscow Stock Exchange fell by 3.14 rubles, to 65.76 rubles, the euro dropped by 3.98 rubles to 73.93 rubles.

On August 14, the dollar closed trading on the Moscow stock exchange at 64.99 rubles, while the euro closed at 72.18 rubles. Between August 17 and 24, the dollar rose by 10.2% to 71.64 rubles and the euro by 15.8% to 83.62 rubles.

On Thursday, the ruble gained after a rise in oil prices. The cost of futures contracts for delivery in October Brent crude on London's ICE trading soared 7.07% to $46.18 per barrel.

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