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Russian Rouble Drops to 15-month Low against Dollar after Wagner Mutiny


Mon 26 Jun 2023 | 08:05 AM
Taarek Refaat

The Russian rouble opened at a 15-month low against the dollar early Monday morning, after a failed revolt by Wagner mercenaries over the weekend, according to Reuters.

The Russian currency was traded 2.1% weaker at 86.50 vs U.S. dollar, after hitting  87.23, its weakest level since March 2022.

"The rouble lost 2.2% to trade at 94.37 against the euro and 2.1% against the yuan to 11.95."

Meanwhile, Wagner mercenaries led by Yevgeny Prigozhin withdrew from the southern Russian city of Rostov on Saturday under a deal that halted their march on Moscow.