Thursday 30th of March 2017

Ruble Rout Accelerates as Russia's Central Bank Stands Aside PDF Print E-mail

Reuters reports in the Moscow Times November 6, 2014:

The Russian currency plunged almost 4 percent against the U.S. dollar Thursday amid relentless selling pressure after the Central Bank announced it was limiting market interventions to defend the ruble.

The ruble dropped to 46.7 versus the dollar early evening in Moscow, a historical low, while also falling below the mark of 58 to the euro for the first time ever.

The declines mean the ruble has fallen over 40 percent against the greenback since the start of the year.

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