The Russian ruble reached 88 to the U.S. dollar on Tuesday, the highest point it's been in more than a month.
The ruble rose up 2% against the dollar at 88.00, the strongest it's been since Feb. 28, Reuters reported.RUSSIAN STOCK EXCHANGE RESUMES TRADING WITH RESTRICTIONS A MONTH INTO WAR
Russia recently mandated that gas export payments and exporting firms convert 80% of their foreign currency earnings into rubles, which is contributing to the rise, ITI Capital Chief Investment Strategist Iskander Lutsko told the outlet.Representatives for Ukraine and Russia are set to meet face-to-face Tuesday in Istanbul as peace talks continue.
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