Deutsche Bank thinks Ruble is undervalued.

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Deutsche bank analysts think that Ruble is the most undervalued currency in developing Europe. According to Gautam Kalani, an emerging-markets strategist at Deutsche Bank the crude prices are stable, and thus he sees a room for the ruble to strengthen.

The currency pair USD/RUB had a median target of 72 for 2016. The pair closed at 69.9245 on Friday, down 2.7% from the previous week.

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