Russian ruble slumps to near 17-month low, moves past 100 against the dollar
Publishing timestamp: 2023-08-14 08:27:05
Summary
The Russian ruble has reached a 17-month low against the U.S. dollar, losing around 30% of its value since the beginning of the year. The country's shrinking balance of trade and loose monetary policy are blamed for the rapid depreciation. The central bank has halted foreign currency purchases to stabilize the ruble, but there are concerns about rising inflation and the impact on the economy.
Sentiment: NEGATIVE
Tickers: RUB=,
Keywords: russia, us dollar / russian ruble fx spot rate, breaking news: economy, currency markets, business news, vladimir putin, economy,