The Russian ruble has hit a two-week high against the US dollar and the euro, buoyed by rising oil prices and a positive outlook for the market, with Morgan Stanley expecting the currency to extend gains.
The ruble was trading around 0.3 percent higher against the greenback on Monday and reached 74.4 per dollar, marking the highest level since January 22. The euro lost over 0.5 percent against the Russian currency, allowing the ruble to hit nearly a three-week peak against it.
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