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Russian ruble falls by 8 pct, breaks 70 to the dollar

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MOSCOW Dec 16, 2014 - 12:00 am GMT+3
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by Dec 16, 2014 12:00 am

The Russian currency on Tuesday accelerated its slide, falling by at least eight percent in half of a day and breaking the 70 ruble-to-dollar mark.

The slide to 73 rubles to the dollar and 90 to the euro came despite a drastic overnight emergency hike by the central bank of its key rate by 6.5 percentage points to 17 percent.

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  • Last Update: Dec 16, 2014 2:03 pm
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