Russian ruble slips to one-year low against US dollar ...News

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Russian ruble slips to one-year low against US dollar
The decline stems from lower foreign currency inflows and reduced export revenues, market experts say The Russian ruble dropped to its lowest exchange rate against the US dollar since last April, data from the Moscow Exchange showed on Tuesday. The currency slipped to over 84 rubles against the dollar at the start of the trading session, representing the weakest rate since April 4, 2022. The ruble also fell to more than 90 against the euro since April 28, 2023, trading data revealed. Analysts attribute the decline in the ruble against Western currencies to the imbalance caused by the insufficient inflow of foreign

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