INSUBCONTINENT EXCLUSIVE:
The Russian ruble continued to gain against the United States dollar on Wednesday, putting the volatile currency on track for its strongest
week since early October.The ruble was up 2.75% at 94 to the dollar by Wednesday afternoon, according to spot foreign exchange market
demand from importers, the business newspaper Kommersant reported.They expect the ruble to continue strengthening over the next two weeks
November, the ruble fell to its weakest level against the dollar since Russia invaded Ukraine in 2022 amid mounting sanctions pressure.After
showing little sign of recovery in December, the currency began strengthening in January and has since gained nearly 18% against the
dollar.A weaker ruble helps Russia narrow its budget deficit but also fuels inflation by increasing the cost of imports.Russia halted
trading in dollars and euros on the Moscow Exchange (MOEX) in June in response to United States sanctions
