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    Russia's currency, the ruble, initially declined sharply in response to sanctions imposed over Russia's invasion of Ukraine, falling to record lows against the U.S. dollar. However, the ruble has since rebounded due to capital controls and Russia mandating that natural gas exports be paid in rubles. Meanwhile, India's currency, the rupee, has also weakened against the dollar as India imports more than it exports and the demand for dollars has increased with higher energy prices due to the war. There appears to be a relationship between the ruble and gold, as Russia has large gold reserves that have helped support the value of its currency.

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    Russia's currency, the ruble, initially declined sharply in response to sanctions imposed over Russia's invasion of Ukraine, falling to record lows against the U.S. dollar. However, the ruble has since rebounded due to capital controls and Russia mandating that natural gas exports be paid in rubles. Meanwhile, India's currency, the rupee, has also weakened against the dollar as India imports more than it exports and the demand for dollars has increased with higher energy prices due to the war. There appears to be a relationship between the ruble and gold, as Russia has large gold reserves that have helped support the value of its currency.

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    15 views1 page

    DV Tee

    Uploaded by

    moitreyee
    Russia's currency, the ruble, initially declined sharply in response to sanctions imposed over Russia's invasion of Ukraine, falling to record lows against the U.S. dollar. However, the ruble has since rebounded due to capital controls and Russia mandating that natural gas exports be paid in rubles. Meanwhile, India's currency, the rupee, has also weakened against the dollar as India imports more than it exports and the demand for dollars has increased with higher energy prices due to the war. There appears to be a relationship between the ruble and gold, as Russia has large gold reserves that have helped support the value of its currency.

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    © All Rights Reserved
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    of 1

    East or west Putin is the best.

    1 Ruble to Dollar
    0.020
    21 Feb 24/02 - 28/02
    24 - 28 Feb
    2 - 8 Mar
    America sanctions russia,freezes its U.S
    0.015 9 - 11 Mar assets, bans Russia from trading and
    25 Mar removes Russian bank from U.S bank-
    0.010 ing system. More countries start impos-
    ing sanction Russian index MOEX hits
    0.005 35% record low. Ruble continues its
    decline Russia’s central bank hikes
    0.000
    1 Nov 2021
    interest rate to 20%.
    Date 1 Jan 2022 1 Mar 2022 1 May 2022 1 Jul 2022

    1 Dollar is equal to 58.87 Ruble


    02/03 - 08/03 Crude Oil rates per barrel
    Russia’s central bank imposses capital Rate of barrel
    control forcing all equity and bond 120
    market to remain closed as a reply to
    sanctions. Investors loose faith in russian
    economy. Joe Biden bans oil,gas and 110
    coal imports from Russia.

    09/03 - 17/03 100


    Russia restricts access and transaction in U.S
    dollar to support the purchasing power of
    Date
    ruble Russia declares selective non-payment 90
    of its sovereign debt. Western firms stop their 02/03 04/03 06/03 08/03 10/03 12/03
    operation in Russia. Europe worries bout 200
    billion$ loss,by stopping russian oil and gas 1 Rupee to Dollar 21 Feb
    trade.Putin forces oil trade only in ruble. 0.01375

    0.01350
    7 - 14 Mar

    07/03 - 14/03 0.01325

    As war sky rockets crude prices to


    0.01300
    1205 / barrel, energy dependent
    india finds its currency heavily 0.01275

    struggling against dollar. 0.01250


    1 Nov 2021 1 Jan 2022 1 Mar 2022 1 May 2022 1 Jul 2022
    Date
    Why is the Ruble and Gold
    rupee Falling ?
    Price

    Avg Russia gold rate Avg ruble


    India as a country imports more than it 12.5k
    exports, hence the demand for the
    dollar is much higher than its supply
    10k
    thus resulting in Rupee’s depreciation.

    1 Rupee is equal to 7.5k

    5k

    0.013 Dollar 2.5k

    Dates
    Oct Nov Dec Jan Feb Mar Apr May Jun July

    Gold / Growth
    There is a relation between gold rates Conclusion
    and Ruble ,having a huge amount of War gives boost to a country’s economy, looking at the data we
    gold in foreign reserves Ruble not only came to conclude that ruble has improved from what it was
    maintained its power but also reduced before the war.The only winners that came from the war were
    its dependency on Dollar. Ruble and Dollar, so is there a link? Lastly, the sanctions
    imposed on Russia made it slow for a while but had major
    impacts on the west.
    A025-Mihir Bhanushali
    A029-Ashwin Rathish

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