Russian Ruble analysis from Danske Bank.

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Danske Bank Analysts provided an outlook on Russian Ruble, stating that the RUB is the best choice among oil producers as the oil prices increase.

“Yet Russia’s currency has moved closer to its equilibrium levels as its strengthening has been subdued. Thus, the current levels in RUB are much more comfortable for the state budget than they were in the autumn 2015. We continue to be bullish on the RUB in the long run as the free float is protecting Russia’s current account surplus and economy despite probably another year of a slump” written in the report.

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