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Markets

Russian rouble seen at 66.4 vs. dollar in 2019

Published Updated

MOSCOW: Russia's economy ministry has revised its 2019 rouble rate estimate to 66.4 roubles versus the US dollar from 63.9, minister Maxim Oreshkin told lawmakers on Wednesday.

Oreshkin said he saw no reason to change the inflation forecast of 4.3 percent, adding that the rate would fall below 4 percent in January 2020.

The ministry also kept its forecast for GDP growth in 2019 at 1.3 percent, Oreshkin said.

Copyright Reuters, 2019

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