Russia’s battered ruble reached its 2015 low as the slump in oil prices weighs on the outlook for the country’s recession-hit economy.
The ruble stood at 72.46 against the dollar, dropping below 72 for the first time since December 2014. The Russian currency also stood at 79.55 against the euro, its lowest value since August.
A woman walks past a board listing foreign currency rates against the Russian ruble in central Moscow on December 28, 2015. AFP PHOTO / VASILY MAXIMOV / AFP / VASILY MAXIMOV
The slide in oil prices and Western sanctions over Moscow’s role in the Ukraine crisis have pummelled …read more
Source: Malaya Business Insight
