Russia: Ruble Strengthens Against Major Currencies

Moscow, October 20 (Petra) — The Russian Central Bank on Tuesday set the official rate for the U.S. dollar at 83 rubles, down 77 kopecks from the previous rate, and announced that the official rate for the euro was lowered to 93 rubles and the Chinese yuan to 12 rubles.

The bank said the ruble strengthened against the three major currencies, recording its biggest gains against the U.S. dollar, followed by the euro and then the Chinese yuan, according to official exchange rate data.

--(Petra) S H/Az/Ah

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