The Russian ruble, battered by weak oil prices, on Monday dropped to a new low and broke an all-time record against the euro.
The national currency was down 1.8 percent at 79 rubles to the dollar by 5 p.m. Moscow time (1400GMT), its lowest mid-trading level since December 2014.
The ruble fell to an all-time low against the euro as the Central Bank set the official exchange rate at over 85 rubles to the euro on Monday.
Oil, the mainstay of the Russian economy, recently plummeted to under $30 a barrel, a 13-year low. The ruble is also under pressure from economic …read more
Source: Voice of America
