Premium
This is an archive article published on September 18, 1998

Rouble slumps 14.73% to $

MOSCOW, Sept 17: The rouble continued to fall sharply today, losing 14.73 per cent of its value to a central bank official rate of 14.6 t...

.

MOSCOW, Sept 17: The rouble continued to fall sharply today, losing 14.73 per cent of its value to a central bank official rate of 14.6 to the dollar, Interfax news agency reported.

The Russian currency was even weaker in interbank trade, where it averaged around 16 to the dollar in afternoon trade. The currency rallied last week as Russian banks provided artificial support for rouble to ensure that they benefited from a favourable rate for the settlement of futures contracts with foreigners on September 15.

Latest Comment
Post Comment
Read Comments
Advertisement
Advertisement
Advertisement
Advertisement