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. Last Updated: 07/27/2016

Ruble Strengthens

MOSCOW (MT) - The ruble strengthened to 1, 193 to the dollar from 1, 194 Friday in trading at the Moscow Interbank Currency Exchange.

Volume was down to $60. 8 million from $74. 1 on Thursday. The ruble has hovered close to 1, 200 to the dollar since the confrontation at the White House.

Traders said the currency will not strengthen substantially until there are definite signs that the government is pushing ahead with fiscal reforms.