The world's top rouble forecaster is unimpressed by the currency's 30 percent rebound from a record low.

 

The analyst said that the rouble may be testing new lows again this quarter as the plunge in oil, Russia's top export, threatens to cost the country its investment-grade credit ratings and turns Russians away from their currency.

 

The rouble traded at 61.55 per dollar on Friday, after reaching 80.1 on Dec 16, the weakest on record.

 

Depreciation would exacerbate the challenges facing President Vladimir Putin as the economy teeters on the edge of a recession and investors dump the nation's bonds.

 

Fitch Ratings downgraded Russian debt on Friday to the lowest investment grade amid plummeting crude prices and sanctions over Ukraine, maintaining a negative outlook.

 

Standard & Poor's is also weighing a junk rating for the world's biggest energy exporter.

 

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