Sharp growth of the European currency

07.04.2021

During trading on the stock exchange on Wednesday, April 7, the euro rate has soared above 92 rubles for the first time since February 1, according to trade data.

As of 9:29 am, the European currency is trading at 91.94 rubles, the dollar – at 77.44 rubles. Major Russian stock indexes are also falling. The Moscow Exchange index is losing about a percent, the RTS – more than two percent.

The fall of the ruble is not related to the oil prices. The cost of the benchmark Brent and WTI grades remained almost unchanged during the day, fluctuating within tenths of a percent.