Russian Ruble Plunges To New Multi-day Low Against Dollar
10 August 2009 - 11:48PM
RTTF2
Extending last week's downtrend, the Russian currency plunged
further against the US dollar in New York deals on Monday. The
ruble slipped to a new multi-day low of 31.8845 versus the
greenback by about 1:55 pm ET, which may be compared to Friday's
close of 31.6605.
The Russian central bank had reduced its interest rates by 25
basis points to 10.75% from 11% on last Friday.
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