Russian rouble strengthens past 79 against dollar to near two-year high

ReutersMay 29, 2025 7:33 AM

May 29 (Reuters) - The Russian rouble on Thursday strengthened past the 79 mark against the dollar for the first time since early June 2023, LSEG data based on over-the-counter quotes showed.

The rouble has strengthened by over 40% against the dollar this year, a rise analysts have attributed to the easing of geopolitical tensions - mainly with U.S. President Donald Trump's administration - and the central bank's tight monetary policy, which has reduced demand for foreign currency.

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