The Russian ruble weakened against the U.S. dollar in the early European session on Tuesday, amid expectation that the central bank may cut its key rate at a monetary policy meeting on Thursday.

Against the greenback, the ruble fell to a 1-week low of 52.59 from an early high of 50.99.

If the ruble extends its downtrend, it is likely to find support around the 60.00 area.

US Dollar vs RUB (FX:USDRUB)
Forex Chart
From Mar 2024 to Apr 2024 Click Here for more US Dollar vs RUB Charts.
US Dollar vs RUB (FX:USDRUB)
Forex Chart
From Apr 2023 to Apr 2024 Click Here for more US Dollar vs RUB Charts.