Russian stock market hits all-time high as ruble strengthens despite US sanctions pressure

Russian stock market hits all-time high as ruble strengthens despite US sanctions pressure

The recent growth in the Russian currency has helped the ruble-traded MOEX index reach an all-time high on Tuesday. The index rose to 2,390 points for the first time in history after the ruble strengthened to 67.7 against the dollar and 79.1 against the euro. Earlier in September, the Russian currency had suffered a deep plunge against reserve currencies amid a new US sanctions threat.

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