Russian ruble falls to lowest level in a month as drones attack Moscow

May 30 (Reuters) – The ruble fell to more than a month low against the dollar on Tuesday as drones attacked Moscow and the Russian currency lost support from a favorable fiscal period.

Ukraine launched one of its biggest drone attacks on Moscow, according to Russia, all of which the Defense Ministry said were destroyed on approach to the city. kyiv made no immediate comment, but did not publicly acknowledge launching attacks on targets inside Russia.

At 06:46 GMT, the ruble was 0.5% weaker against the dollar at 81.24, earlier hitting 81.39, its weakest point since April 28. It was down 0.2% to trade at 86.99 against the euro and was down 0.4% against the yuan at 11.43.

Month-end tax payments, which typically support the ruble as exporters convert earnings into foreign currency to meet local debts, were due Monday.

“The ruble yesterday lost fiscal period support, which never seriously strengthened it,” Alor Broker said in a note.

Brent crude, a global benchmark for Russia’s top export, fell 0.7% to $76.56 a barrel.

(Reporting by Alexander Marrow. Editing by Gerry Doyle)

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