Russian Ruble Gains on Rising Oil Prices

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Стопки десятирублевых монет на экране с биржевыми графиками - Sputnik International
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Following its sharp depreciation on Monday the Russian ruble firmed on Tuesday buoyed by rising oil prices, Russian media reports said.

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The Russian currency is seemingly making a comeback, gaining 94 kopecks against the US dollar to 69.95 versus the greenback and adding 1.55 rubles against the euro to close at 80.71 versus the European currency.

The bump in the ruble coincided with improvements in oil prices, with the international oil benchmark Brent crude gaining 2.29 percent to reach $43.45 per barrel.

The ruble sank Monday to its lowest point this year as Asian and European stock markets nosedived on concerns over the Chinese economy.

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