Russia’s ruble weakened for a seventh day after Brent crude temporarily fell below $43 a barrel, exposing risks to an exchange rate that VTB Group and Deutsche Bank AG predict will stage a turnaround. The currency depreciated 0.3 percent to 67.7200 per dollar by 4:30 p.m. in Moscow, catching up with Wednesday’s 4.4 percent retreat in oil prices to a March 2009 low of $42.49 a barrel. Crude recovered today as oil producing nations from Iran to Venezuela placed pressure on Saudi Arabia to cut output when OPEC meets on Friday. A rebound in the price of the commodity will improve the outlook for Russian assets, Deutsche Bank said in a research note. Analysts at the German lender said that at above 65 rubles per dollar, the dollar-ruble rate looked at least 10 percent too expensive, while VTB 24, a unit of Russia’s second-biggest lender, projects the currency will […]