The Russian ruble advanced further against the US dollar in New York trading on Tuesday. At about 11:35 am ET, the ruble soared to 31.1865 versus the greenback, compared to yesterday's close of 31.4805. This set a 1-month high for the Russian currency. Presently, the pair is worth 31.24. On the upside, 31.06 is seen as the next target level for the ruble.

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