INSUBCONTINENT EXCLUSIVE:
The Russian ruble temporarily fell to its lowest level since March 2022 on Monday morning as financial markets digested the fallout from
dollar in the days after Russia invaded, strict capital controls, surging energy prices and a collapse in Russian imports pushed the
more over the last six months.The ruble has lost 23% so far in 2023.As trading picked up on Monday the currency pared some losses and was
trading around 85.2 against the U.S
dollar.Analysts said the fact the Kremlin and Prigozhin appear to have struck some kind of deal to quash the coup helped avoid a deep crisis
If it had continued, if there had been some threat of civil war in Russia, then I think it would have caused absolute havoc in financial
exchange rates by as much as 10% on Friday evening after Prigozhin announced he was sending a convoy of troops to Moscow in a bid to remove
Defense Minister Sergei Shoigu and Chief of the General Staff Valeriy Gerasimov over what he said was their incompetence and failure to
Saturday after retail traders started offloading shares, fearing a market collapse when full trading resumed on Monday.While that has been
tension eased towards the end of the weekend, the emotional trail may still be around for some time, putting pressure on the stock market
expert at Moscow-based brokerage BCS Express.Russian financial markets were trading as usual on Monday, while many Muscovites stayed home
