Office employees take a break near the skyscrapers of the “Moscow City” in Moscow, Russia, Tuesday, Dec. 16, 2014. The Russian ruble came under intense selling pressure Tuesday, falling at one point by a catastrophic 20 percent to a new historic low despite a massive pre-dawn interest rate hike from Russia’s Central Bank. Russian officials were clearly rattled even though state television urged citizens not to panic. (AP Photo/Alexander Zemlianichenko)
Russia’s embattled ruble extended a week of catastrophic losses by dropping 4 percent at the pening of trading in Moscow.
The world’s worst-performing currency along with the Ukrainian hryvnia, the ruble has …read more
Source: The Indian Express
