The Russian ruble surged on Thursday, pushing the U.S. dollar below the 76-ruble mark for the first time since 12 May 2023, amid improving market conditions and a rise in the country’s international reserves.
The dollar was down 2.42% on the Moscow Exchange, trading at 75.7238 rubles.
The Central Bank of Russia reported a notable uptick in the nation’s international reserves, which climbed by $4.3 billion in one week. As of 28 November 2025, total reserves stood at $733.4 billion, up from $729.1 billion on 21 November.
Source: Reuters
In a statement, the central bank said the 0.6% weekly increase was “primarily due to positive revaluation,” reflecting gains in asset valuations and currency adjustments.
The ruble’s recent appreciation comes against a backdrop of improving external financial indicators for Russia, with rising reserves offering the currency added stability. Analysts note that stronger reserve positions typically bolster investor sentiment and help cushion the domestic currency against volatility in global markets.
The dollar’s fall to its lowest level in more than two years suggests renewed short-term confidence in the Russian currency, though long-term sustainability will depend on broader macroeconomic and geopolitical factors.
Source: Reuters
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