Russian ruble bounces back after oil price rise

Russia's battered ruble on Friday bounced back after a rise in crude prices, recovering ground a day after it slumped to an all-time low against the dollar.

The Russian currency stood at 80.3 against the dollar, up from Thursday's 82.63 ruble to the greenback, as oil prices rose from 12-year lows. The country's RTS dollar-denominated index meanwhile was up 5.30 percent at 0930 GMT.

Earlier this week, the ruble fell to a record low against the dollar, dipping below the 85-ruble mark and standing at 93 against the euro.