The Russian ruble warrants investor interest amid rising oil prices. However, the Russian currency continues to stall, Alexander Kuptsikevich, an analyst with FxPro, said.
According to him, investors continue to act cautiously, Rossiyskaya Gazeta writes. Oil prices continue to grow, but investors still seem to believe that investing in the ruble carries a high risk and are wary of buying it.
They doubt that oil prices will continue to rise in the future, Alexander Kuptsikevich pointed out. About $50 per barrel of Brent might be the ceiling. The ruble will also be close to its short-term highs then.
The expert believes that with the oil price at $50, the dollar will cost RUR 67–67.5, and the euro, RUR 75.