The Russian ruble has collapsed to a record low against the central bank’s basket of dollars and euros despite intervention by the central bank to prop it up. So far burning through more of the country’s reserves has done little to support the currency as grim economic forecasts, rising inflation and sanctions over the crisis in Ukraine have all taken their toll on sentiment.SEE ALSO: Russian Inflation Hits Its Highest Level In 3 Years Amid First Signs Of Food Shortages Join the conversation about this story »
Source: Business Insider
