Rising rouble subdues Russian stock markets

22.05.2024

The Russian rouble strengthened to a near four-month high againstthe U.S. dollar on Tuesday, approaching the 90 threshold on thesupport ofhigh interest rates, state foreign currency sales and capital controls.

By 1508 GMT, the rouble was 0.8%higher at 90.07to the dollar, its strongest point since Feb. 1.

Against the euro, the rouble rose 0.7%to 97.93. It...