Ruble unlikely to return to 60 rubles per dollar exchange rate — VTB CEO

The Russian national currency is unlikely to return to 60 rubles per dollar exchange rate.

The Russian national currency is unlikely to return to 60 rubles per dollar exchange rate, President and Chairman of VTB Group Andrey Kostin said on Thursday.

"In general the ruble is expected to be fairly weak on the back of the fast strengthening dollar in particular. I don’t expect the ruble to substantially strengthen though some upward correction is probable amid oil price rebound, though it will never return to the level of 60 rubles [per dollar — TASS]," Kostin said.

First published by TASS.

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