Dollar exchange rate nears 120 rubles

Dollar exchange rate nears 120 rubles

The dollar and euro exchange rates hit all-time highs again on Moscow Exchange on Thursday as the dollar reached 118.15 rubles, while the euro - 124.75 rubles during the trading.

As of 10:59 am Moscow time, the euro was up by 8.1% at 124.75 rubles. As of 11:15 am the dollar was up by 11.44% at 118.15 rubles.

As of 11:28 am Moscow time, the dollar slowed down growth to 117.5 rubles (+10.83%), while the euro was up by 7.45% at 124 rubles.

Trading on Moscow Exchange's stock section will remain largely closed on Thursday although a limited range of operations will be available, the central bank said in a statement.

The central bank said it would make a statement about future operations on the exchange before 06:00 GMT on Friday.

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