Russian rouble firms sharply as government pressures exportersMOSCOW – Russia’s rouble strengthened sharply on Wednesday after dramatic falls on the previous two days as the government pressured exporters not to hoard foreign-currency earnings and the central bank announced new measures to support financial stability.The rouble was around 9 per cent firmer against the dollar in volatile trading, with the market also boosted by central bank plans to ease concerns over approaching external debt repayments by Russian firms and stabilise the rouble.Traders also saw targeted sales of foreign currency by exporters, in part because of upcoming monthly tax payments.At 3:30 p.m., …read more
Source: AsiaOne
