What is an FCNR Deposit? A complete guide for NRIs
This article covers: What is an FCNR Deposit? Which Currencies Are Accepted? What Interest Rates…
The Russian Ruble is the official currency of the Russian Federation, symbolized by "₽." It is issued by the Central Bank of Russia and is one of the world’s oldest national currencies still in use, dating back to the 14th century. The ruble plays a significant role in global energy markets, given Russia's major oil and gas exports. It is informally referred to as "ruble" or "kopecks" (for its subunits).
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
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