Ruble rebounds

Source: Bloomberg
© Scanpix/FP
The Ruble closed its second day decline, while Russian bonds and stocks enjoyed stronger demand, since oil price returned up to $60 a barrel, thus enhancing the sentiment. In the meantime, Morgan Stanley lowered expectations on the rally. The Russian currency strengthened 1% to 62 versus the Dollar, while Brent oil recovered from the biggest drop in a month.
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