INSUBCONTINENT EXCLUSIVE:
The Russian ruble continued to gain against the U.S
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 sales by Russian exporters and seasonal factors, including lower demand from importers, the business newspaper Kommersant
reported.They expect the ruble to continue strengthening over the next two weeks but warn that exporters may reduce currency sales, which
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 U.S
