Taking into account the current level of oil prices, today's exchange rate can be described as fair, Deputy Finance Minister Maksim Oreshkin noted in an interview for Russia-24.
"There is a very clear correlation between the level of oil prices and the ruble exchange rate to the dollar during the last 9-12 months. The elasticity is not one to one: a fall in oil prices leads to a weakening of the ruble. The dependence is quite clear,'' Tass cites him as saying.
