September 12, 2018 / 4:25 AM / in 2 months

Russian economy minister sees rouble firming to 63-64 to dollar in Dec

Russian Economy Minister Maxim Oreshkin attends a session of the Moscow Financial Forum in Moscow, Russia September 6, 2018. REUTERS/Sergei Karpukhin

VLADIVOSTOK, Russia (Reuters) - Russian Economy Minister Maxim Oreshkin said on Wednesday the rouble has “seriously deviated” from fundamental levels but he expected it to firm to 63-64 roubles to the U.S. dollar in December this year.

Oreshkin, who was speaking on the sidelines of the Eastern Economic Forum, said he did not expect positive surprises for Russia’s economic growth in the third and fourth quarters due to higher financial market volatility. He said gross domestic product growth in each of the two quarters was unlikely to exceed 1.9 percent.

Reporting by Polina Nikolskaya; Writing by Maria Kiselyova; Editing by Christian Lowe

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