As Russia’s economy continues to recover from a deep recession, the rising ruble is becoming a favorite emerging markets currency. Here are four reasons why many analysts find it attractive: Economic recovery Russia is in recovery, returning to growth after a deep recession blamed on a steep drop in oil prices that began in 2014 as well as sanctions over its aggression in Ukraine. Last year, the ruble USDRUB, +0.0589% rebounded versus the U.S. dollar, gaining 5.9%. In the year-to-date, it’s up 0.2%, with the dollar last buying 57.340 ruble. For reference, the greenback rose a whopping 83.9% against the ruble in 2014. By February 2016, the pair had reached its highest level on record with one dollar buying more than 78 ruble, according to the data from FactSet. “Fundamentally, the ruble is a very strong currency, with structural account surpluses, high real rates in local bonds, low debt levels and low levels of dependence on foreign capital,” said Robert Simpson, portfolio manager at Insight Investments, in emailed comments.via