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Ruble Hits Record Low

 
Anonymous Coward
User ID: 65933443
Romania
12/10/2014 11:39 AM
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Ruble Hits Record Low
The ruble retreated toward a record as Brent crude resumed its decline and investors pared bets on interest-rate increases before Russia’s central bank meets tomorrow.
The ruble declined 1.4 percent to 54.7970 per dollar at 7:14 p.m. in Moscow, taking its drop this week to 4.2 percent.
Russian policy makers are considering raising interest rates to stabilize the ruble after measures, including restricting liquidity and currency intervention, failed to halt this year’s 40 percent slide.
[link to www.bloomberg.com]

Last week's chart:
[link to www.xe.com]
Anonymous Coward
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12/10/2014 11:41 AM
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Re: Ruble Hits Record Low
40%? and people wonder why puttin is doing what he is doing LOL

sideways
Anonymous Coward (OP)
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12/10/2014 11:42 AM
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Re: Ruble Hits Record Low
Ruble fall, sanctions hurt Russia’s economy, says Medvedev

The weakness of the ruble is hurting Russia, which has lost tens of billions of dollars because of sanctions imposed by the West in the Ukraine crisis, Prime Minister Dmitry Medvedev said Dec. 10.

The weakening of the ruble “has a certain impact on the budget, on how it balances and for a number of other reasons too, but nevertheless ... a substantial weakening of the ruble is not advantageous for the state and the economy,” Medvedev said in the interview with Russian television channels.

In a sober assessment of an economy edging towards recession, Medvedev said Russia should reduce its reliance on energy exports, which makes it vulnerable to falls in the global price of oil.

[link to www.hurriyetdailynews.com]
Anonymous Coward
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12/10/2014 11:43 AM
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Re: Ruble Hits Record Low
40%? and people wonder why puttin is doing what he is doing LOL

sideways
 Quoting: Anonymous Coward 65593041


This
Anonymous Coward (OP)
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12/10/2014 11:45 AM
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Re: Ruble Hits Record Low
Best Russian joke ever: Weaker Ruble Might Boost International Tourism in Russia

MOSCOW, December 10 (Sputnik) – Moscow is becoming a cheaper tourist destination and one of the most affordable for foreigners in Europe due to the slump in the ruble’s FX rate, meaning that inbound tourist traffic might increase by 40-50%, according to some estimates.
sputnik_spam/analysis/20141210/1015700588.html

Russians just drink too much vodka to think clearly!
puke5





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