The Russian ruble rose to a 13-day high of 33.1466 against the US dollar before leveling off in the early New York session on Monday. This may be compared to Friday's close of 33.353. The dollar-ruble pair is presently trading at 33.32 with 32.9 seen as the next target level.

In economic news, Russia's Federal Statistics Service announced today that the consumer price index or CPI rose 14% year-over-year in March, compared with a 13.9% increase in the previous month. A year ago, the CPI was up 13.3%. On a monthly basis, the CPI increased 1.3% in March, slower than the 1.7% in February.

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