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

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Reuters VLADIVOSTOK, Russia
Last Updated : Sep 12 2018 | 9:55 AM IST

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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First Published: Sep 12 2018 | 9:53 AM IST

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