MOSCOW
The ruble again showed its newfound stability Friday at 53.70 and 65.46 to the dollar and euro respectively.
Russia's Finance Minister Anton Siluanov gave his opinion about where the ruble stood and where he thought it would be in 2015.
"With the price of oil at $60 a barrel, the ruble has found its balance. We aren't going back to a course of 30 rubles to the dollar, but what's important is that the ruble is stable," the minister told the Russian media RIA-Novosti Friday.
With the ruble's devaluation still alarmingly high, the main fear is inflation. According to the Russian central bank's figures, inflation is expected to exceed 10 percent in January 2015.
Foreign companies responded to the ruble's fall in value by raising their prices. On Friday, the latest company to announce impending price hikes was Microsoft.
Starting next year, prices on Microsoft products would rise 15 percent for private users, and as much as 30 percent for commercial customers, according to the company's statement.
www.aa.com.tr/en
