Report: Ruble at 60–65/dlr optimal for Russian economy – official

ST. PETERSBURG, Jun 1 (PRIME) -- The ruble’s exchange rate of 60–65 rubles per U.S. dollar is optimal for the Russian economy, Deputy Prime Minister Arkady Dvorkovich said in an interview with RBC television channel broadcast on Thursday.

“It is obvious that it would be better for our economy if the rate is a bit higher and the ruble costs a bit less then today, at about 60–65. But firstly, any hikes are bad, and it would be better if it happens gradually, and secondly, it will most likely happen when interest rates contract and the budget deficit narrows,” he said.

(56.6876 rubles – U.S. $1)

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