mo4ch:>Ruble flexes its muscle after Moody’s lifts Russia’s rating to investment grade | Mo4ch News

The Russian ruble has been gaining ground on the US dollar and the euro after global credit rating agency Moody’s upgraded Russia’s sovereign rating to investment grade with a stable outlook.The ruble was trading at 65.85 against the greenback at 07:50 GMT, rising by 0.17 percent on Monday and marking a nearly three-percent gain on the year.The Russian currency is trading 0.18 percent higher against the euro at 74.34, representing a 3.8 percent growth since January 1.Russian stock indices opened higher with the dollar-denominated RTS up 0.7 percent to 1,207.5 points, while the ruble-based MOEX grew by 0.4 percent to 2,513.3 points.Also on rt.comDump dollar for gold: Russia mulls eliminating gold tax to boost investment at greenback's expenseLate on Friday, Moody’s announced the upgrade of Russia’s economy from Ba1 to Baa3, acknowledging the “positive impact” of government policies that managed to strengthen the country’s already robust public finances and may potentially help Mosc…