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General TradingR
Russian Ruble (RUB)
The Russian Ruble is the official currency of Russia, abbreviated as RUB in forex markets. It is a commodity-sensitive currency heavily influenced by oil prices and geopolitical developments, and is managed by the Central Bank of Russia.
Example
“When oil prices surged above $100 per barrel, USD/RUB declined as the ruble strengthened on the back of increased petroleum export revenues flowing into Russia.”