MOSCOW, Russia—Russia’s battered ruble sank Monday to its lowest point this year as Asian and European stock markets nosedived on concerns over the Chinese economy.
Moscow’sdollar-denominated RTS stock index had tumbled 4.94 percent by the close of trading as the euro passed the symbolic 80-ruble mark for the first time since December, standing at 81.16 rubles by 1725 GMT.
The Russian currency also fell against the dollar, dropping to 70.10 rubles.
The ruble-denominated Micex closed down 1.78 percent.
The slide in oil prices and Western sanctions over Moscow’s role in the Ukraine crisis have pummelled the Russian economy in recent…Keep …read more
Source: The Philippine Daily Inquirer
