- The Russian rouble hovered around 99.5 to the dollar on Thursday, struggling to pull away from the 100 threshold it breached earlier this week, hurt by reduced foreign currency supply from exporters early in the month.
The rouble has lost support of a favourable month-end tax period that usually sees exporters convert FX revenues to meet local liabilities.Russia's oil and gas revenues rose in September, boosted by higher oil prices and as Moscow finds new export destinations after Western price caps and an embargo on seaborne oil exports squeezed energy revenues.
The finance ministry's expected rise in tax revenues from the sector in October could give the rouble some strong support, said Alor Broker's Alexei Antonov, as oil companies would be forced to increase their sales of foreign currency export earnings. 'It's not taxed at all': Warren Buffett shares the 'best investment' you can make when battling against inflation — and it doesn't have to cost you a dimeIdeally, you should have multiple income sources by the time you retire to remove the strain on government pensions. But you should still avoid a major CPP mistake. The post Retirees: Do NOT Make This Critical CPP Pension Mistake That Can Cost You Thousands appeared first on The Motley Fool Canada.