VLADIVOSTOK, Russia (Reuters) - Russian Economy Minister Maxim Oreshkin said on Wednesday the rouble has "seriously deviated" from fundamental levels but he expected it to firm to 63-64 roubles to the U.S. dollar in December this year.
Oreshkin, who was speaking on the sidelines of the Eastern Economic Forum, said he did not expect positive surprises for Russia's economic growth in the third and fourth quarters due to higher financial market volatility. He said gross domestic product growth in each of the two quarters was unlikely to exceed 1.9 percent.
(Reporting by Polina Nikolskaya; Writing by Maria Kiselyova; Editing by Christian Lowe)
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app