The Russian rouble rose quickly in a volatile Market on Monday, regaining some ground after its biggest weekly drop since early July.

The rouble fell over 8% last week & is drop more than 10% this month. After the enactment of an oil ban and price cap. According to the finance ministry,

The rouble had gained 2.8% to 68.30 against the dollar by 0750 GMT. It increased by 4.4% to 72.40 against the euro and strengthened by 2.1% to 9.70 against the yuan.

The rouble has been one of the top performing major currencies vs dollar globally this year

The MOEX Russian index based in roubles has rose by 0.3% to 2,130 points. While dollar-denominated RTS index rose 2.1% to 983 points.