Ruble surges after interest rate hike     ...News

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Ruble surges after interest rate hike    
The decision by the Russian government to refrain from tightening capital controls has also contributed to the rebound, economists say   The Russian ruble strengthened to 93 versus the US dollar and to 101 against the euro on Thursday for the first time since August 1 after the central bank raised the key interest rate to 12%.      On Monday, the Russian currency declined to a 16-month low of 101 against the greenback and 111 to the euro.      Market players also attributed the rebound to the news that the Russian authorities will reportedly refrain from introducing stricter capital controls to stem the ruble’s sl

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