Russian rouble hits one-month high, lifted by oil prices

Russia’s rouble briefly hit a one-month high and its stock market rose on Friday, supported by strong oil prices which helped to offset a resumption of foreign exchange purchases for state reserves, Reuters reported.

At 0748 GMT, the rouble was stable against the dollar at 66.35, briefly hitting the 66.23 range, which was not seen since Dec. 13.

The Russian currency was also largely unchanged versus the euro at 75.60, also touching its highest level since Dec. 17, climbing to 75.47 in early trading.