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The ruble showed a three-month high against the backdrop of OPEC+ decisions
4 December 2020, 09:09
Economy
The ruble showed a three-month high against the backdrop of OPEC+ decisions
Photo: news.trackrecords.ru
After the OPEC+ countries decided to increase oil production by half a million barrels per day from January 2021, the ruble exchange rate against the dollar and the euro began to grow steadily.

According to the Moscow Exchange, the exchange rate of the American currency is reduced by 62 kopecks, to 74.45 rubles. Before that on Thursday, he dropped to 74.26 rubles. The euro has lost 48 kopecks and is now worth 90.4 rubles.

Note that the ruble has updated its maximum against the dollar over the past three months. Before that, it showed its maximum value on September 1, when the dollar fell to 73.5 rubles.

Earlier it was reported that the Russian currency is growing following the rising oil prices.

Let us remind you that yesterday the OPEC+ ministers decided to increase oil production from January next year. But in total, it is expected to increase production by 0.5 barrels per day, and not by two million, as was assumed by the current agreement.

But on December 2, it was announced that the planned meeting of the OPEC+ countries was postponed to December 3. The postponement was due to the need to organize additional consultations and may indicate difficulties in implementing the April decision of the cartel to reduce production in order to support oil prices.