The Russian rouble skids more than 2% against the US dollar on Friday, April 7, to an intraday low of 83.50, its weakest since April 2022.
– late last year, since which the rouble has weakened from about 60 per dollar to more than 80 this week.
The reported transfer of $1.21 billion to Shell for its stake in the Far East Sakhalin-2 gas project was cited by traders as a major factor on Friday, as the daily trade in the rouble-dollar pair is now usually only about $1 billion, down from more than $3 billion a day before the war. The trader said the market expected the rouble to strengthen against the dollar in coming days and weeks as Russian companies buy roubles for tax payments and on the back of higher oil prices.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Good Friday rites to be observed on April 7Age-old traditions and time-tested rites that were put on hold at the height of the pandemic will be held in many parts of the country on Good Friday, April 7, in solemn commemoration of the Lord’s Passion. ManilaBulletin
Read more »
Russian frigate makes rare port call in SaudiJEDDAH, Saudi Arabia - Two Russian vessels left Jeddah on Thursday after making the first port call by the Russian navy in a Saudi port for a decade, Russian officials said.
Read more »
304th death anniversary of St. John Baptist de la Salle on April 7Roman Catholics will observe on Friday, April 7, the 304th death anniversary of Saint John Baptist de la Salle, the revered founder of the Brothers of the Christian Schools and the patron saint of teachers. ManilaBulletin
Read more »
ICYMI, online forum PinoyExchange to shut down on April 15Created in 1999, PEx has been a home for many Filipinos, serving as a platform to discuss a wide variety of topics, from UAAP to the most personal forums.
Read more »
Foreign tourist arrivals exceed 1.4 million as of April 5 — DOTMANILA, Philippines — Foreign tourist arrivals in the country have breached the 1.4 million mark from January 1 to April 5, 2023, according to the Department of Tourism (DOT). The
Read more »
Manila dolomite beach closed on April 6 and 7The Manila Baywalk Dolomite Beach will be closed to the public for two days during the Holy Week.
Read more »