Ruble strengthens as central bank takes action ...News

Russia Today - Economy
Ruble strengthens as central bank takes action
source : Russia Today ( News ) () 34
The Russian currency had plunged on Monday to its weakest level since March 2022 The Russian ruble climbed to 97 versus the US dollar at the opening of trade on Tuesday as the central bank raised the key interest rate to 12%. The currency later gave up some of the gains. The rebound came after the Russian currency saw its biggest decline in 16 months. The ruble had weakened on Monday to 101 against the greenback and 111 to the euro. However, the currency began to recover in the closing hour of trade after the Bank of Russia announced an emergency key rate meeting.    The regulator, whose next scheduled interest ra

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