The ruble will recoup losses triggered by the Greek financial crisis, which has undermined investor confidence in emerging markets, Goldman Sachs Group said Thursday.
The currency may gain more than 9 percent to 27.5 per dollar in the next 12 months as higher oil prices bolster government finances and the country’s low debt level lures investors, said Anna Zadornova, a London-based economist at Goldman Sachs.
(Bloomberg)
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