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Rouble Strengthens Toward 60/Dollar as Taxes Near: Inside Russia

RUSSIA
  • RUB strengthens against the greenback, heading for its best advance in a week, as monthly tax payments approach. The currency traded at its strongest level against the euro in five years.
  • Companies will be preparing for tax payments on May 25-27, which could create surplus dollar supply in the foreign exchange market, Promsvyazbank analysts write in note - bbg
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com

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