The Russian Ruble drifted lower against the U.S. dollar in early European deals on Tuesday, as oil prices declined on fading hopes for a deal to curb supply glut at the OPEC meeting this month.

The Russian Ruble declined to a 5-day low of 69.08 against the greenback, compared to Monday's closing value of 68.40. The Ruble may find support around the 71.00 zone.

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