---
title: "The Russian rouble weakened near 100 to the dollar"
publisher: "Share Talk"
author: "sharetalk"
published: "2023-10-03T09:04:29+00:00"
modified: "2023-10-03T09:04:29+00:00"
date: 2023-10-03
canonical: "https://www.share-talk.com/the-russian-rouble-weakened-near-100-to-the-dollar/"
category: "B2B"
categories: ["B2B", "Blogs", "Business & Support Services", "Technology", "Technology, Media & Telecoms"]
tags: ["Anton Siluanov", "Barrel", "Benchmark", "Berlin", "Brent", "cap", "countries", "crude", "Druzhba", "EU", "European Union", "Finance minister", "G7", "German", "international", "oil", "pipeline", "Poland", "Polish", "Price", "rouble", "Russia", "Russian", "sanction", "Schwedt refinery", "Share Talk", "Ukraine", "Vladimir Putin", "Wagner mercenary group", "Warsaw", "Yevgeny Prigozhin"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/10/The-Russian-rouble.jpg?fit=750%2C406&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# The Russian rouble weakened near 100 to the dollar

**Published:** October 3, 2023
**Author:** sharetalk
**Categories:** B2B, Blogs, Business & Support Services, Technology, Technology, Media & Telecoms
**Tags:** Anton Siluanov, Barrel, Benchmark, Berlin, Brent, cap, countries, crude, Druzhba, EU, European Union, Finance minister, G7, German, international, oil, pipeline, Poland, Polish, Price, rouble, Russia, Russian, sanction, Schwedt refinery, Share Talk, Ukraine, Vladimir Putin, Wagner mercenary group, Warsaw, Yevgeny Prigozhin
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/10/The-Russian-rouble.jpg?fit=750%2C406&quality=89&ssl=1)

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The Russian rouble dipped beyond the notable mark of 100 per dollar, but rebounded slightly during early transactions, as Moscow grapples with a diminishing current account surplus.

In August, the rouble’s previous decline to three-digit figures prompted the Bank of Russia to urgently raise its rate by 350 basis points to 12pc. Officials also considered re-implementing measures to bolster the currency.

Early in the trading day, the rouble briefly touched 100.2550, marking a more than seven-week low, before appreciating to 99.43, 0.2pc up against the dollar. It depreciated 0.1pc to 120.10 versus the pound, but rose 0.6pc, reaching 104.29 against the euro.

Brent crude oil, a key reference for Russia’s primary export, decreased by 0.8pc, reaching $90 a barrel, the lowest in nearly a month, though still surpassing its 2023 average.

Typically, the Russian rouble faces stress at the beginning of each month. This is due to the end of a favourable tax phase, during which exporters usually exchange their foreign earnings to cover domestic obligations.

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