Reuters
Russian rouble hits near 2-year high vs euro
The rouble was 3% stronger against the dollar at 73.17, hovering around levels seen before Feb. 24, when Russia sent tens of thousands of troops to Ukraine. Movements in the rouble are artificially limited by capital controls imposed by the central bank because it lost the ability to support the rouble through FX interventions after Western sanctions froze nearly half of the country’s reserves. The currency was supported by a record 3 trillion roubles ($40.25 billion) that companies are due to pay in taxes this month, according to analysts surveyed by Reuters.
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