Deutsche Bank on prospects of ruble

The Russian ruble is the most undervalued currency in developing Europe, Deutsche Bank experts said.

According to their forecast, the ruble is poised for further gains, even after outperforming all other developing peers since touching a record low of 85.999 rubles per dollar on January 21st, Interfax reports.

"If crude is stable, I see room for the ruble to strengthen," Bloomberg cited the analyst as saying.