the cost of the currency basket (0.55 dollar and 0.45 Euro) increased compared with the index on Friday by 1.69 ruble, making the ruble 70,02.
According to experts, the decision of the Bank of Russia due to the situation with the coronavirus, which is actively distributed outside of China. Investors withdraw their funds from risky assets, which include the ruble.
What will happen to the ruble in March
in addition, a strong weakening of the Russian currency due to falling oil prices. The cost of Brent crude in the moment fell below 50 dollars per barrel.
Last time such a drop the market saw in the end of 2018.