The dollar fell below 83 rubles for the first time since February 25, follows from the dynamics of trading, RIA Novosti reports.

The exchange rate of the American currency was declining by 6.05 rubles, to 83.70 rubles, but a few minutes earlier it had already fallen to 82.95 rubles.

The Russian ruble surged by more than 10% on Tuesday in Moscow trading. Investors saw signs of progress in peace talks between Ukrainian and Russian negotiators.

“The negotiations in Istanbul are providing support to all ruble assets today,” said Dmitry Babin, an analyst with the Moscow-based BKS Investments brokerage.