The ruble is in a central-bank-induced coma.
While Russia’s currency can still see sharp swings in a day, it has trimmed its steep losses and begun to stabilize. It is now trading at around 99 rubles to the dollar, about 17% weaker than it was before Russian troops invaded Ukraine on Feb. 24 but stronger than its record low of 151 on March 7, according to FactSet.
Source: https://www.wsj.com/articles/how-russias-central-bank-engineered-the-rubles-rebound-11648458200?siteid=yhoof2&yptr=yahoo