Ruble May Weaken Against Tenge, Analyst Predicts
The Russian ruble may remain weaker against the Kazakh tenge by the end of the year, according to financial analyst Alexander Potavin. He noted that the RUB/KZT exchange rate has traded within a narrow range. Potavin expects the dollar-to-ruble rate to be around 87 and the dollar-to-tenge rate at 455, suggesting a RUB/KZT rate near 5.22. Both currencies are influenced by oil prices.
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