Russian ruble broke the psychological mark of 70 rubles a dollar following the oil price

Today, on the Moscow Stock Exchange Russian ruble dropped below the psychological mark of 70 rubles a dollar, the euro exceeded 77 rubles, Joinfo.ua reports.

The euro rose to 77.14 rubles – 1.51 rubles higher than in the previous session, the dollar rose for 85 cents, reaching 70 rubles.

Russian currency dropped following the oil prices. So, on Friday Brent fell below $38 a barrel for the first time since 2008. The U.S. crude futures fell below $40 on Monday after OPEC.