The ruble weakened for a second day versus the dollar as oil, Russia’s chief export earner declined in New York. The Russian currency depreciated 0.3 percent to 27.9315 per dollar as of 11:52 a.m. in Moscow, the biggest intraday decline since June 27. The ruble was 0.5 percent stronger at 40.1301 per euro, leaving it steady at 33.4188 versus the central bank’s target dollar-euro basket. Crude pared gains and declined in New York as the euro weakened against the dollar. Crude for August delivery was little changed at $96.87 per barrel after earlier gaining as much as gained as much as 90 cents a barrel. Russian government bonds were little changed, leaving the yield on the ruble Eurobond steady at 6.87 percent. Non- deliverable forwards, which provide a guide to expectations of currency movements and allow companies to hedge against them, show the ruble at 28.193 per dollar in three months, compared with 28.1225 yesterday. To contact the reporter on this story: Jack Jordan in Moscow at jjordan22@bloomberg.net To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

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