The Russian ruble is trading at 90,30 per US dollar, its lowest level since late May, The Telegraph reports.
According to LSEG, during the day the ruble weakened by 1,9%, having lost 6% since the beginning of the biggest events in the Kursk region of Russia.
Last week, the ruble also ended with a strong weakening of its position against the leading world currencies. On Friday, August 9, on the over-the-counter market, the rate of the American currency was 86,90 rubles/$, which is almost 1,3 rubles. higher than the values at the end of the previous week.
The weakening of the ruble is associated with a decrease in the supply of the currency by exporters, with a simultaneous increase in demand for it from importers.
As you know, according to the results of 2023, the budget deficit of the Russian Federation amounted to 3,24 trillion rubles or 1,9% of the country's GDP. This is almost twice as bad as Putin predicted.
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