Russia's Economic Development Ministry: ruble to be less volatile

There is no trend for a stronger ruble at the moment, but the volatility of the Russian currency is expected to narrow to around 55-65 to the dollar, the Russian Deputy Economy Minister Alexei Vedev said.

Russia's Economic Development Ministry expects a reduction in the country's annual inflation rates by the end of the year, Vedev added.

"We have quite a positive outlook on inflation. I think that stabilization in yearly terms is likely to take place in May, and a fall to 6.3-6.5% by the end of the year," Sputnik cited Vedev as saying.