Moscow reveals reasons behind weakening ruble ...News

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Moscow reveals reasons behind weakening ruble
The Russian currency tumbled to a three-week low amid the changing trade balance, the Finance Ministry has said The latest weakening of the ruble is mostly due to changes in the country’s trade balance, Russian Finance Minister Anton Siluanov said on Monday in an interview with TASS news agency.  On Monday, the Russian currency fell 1.16% to 92.77 against the US dollar, marking the weakest level against the greenback in three weeks. Last week, the ruble was trading in a narrow band near 90 against the dollar.  “The weakening of the ruble is due primarily to the trade balance – the inflows and outflows of currency

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