Rouble recovers after slide past 100 vs dollar to 7-week low ...Middle East

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Rouble recovers after slide past 100 vs dollar to 7-week low
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The Kremlin on Tuesday stressed that there was no need for concern after the Russian rouble weakened past the symbolic threshold of 100 to the dollar in early trade before recovering slightly, weighed down by foreign currency outflows. The rouble's last tumble into triple digits in August led the Bank of Russia to make an emergency 350-basis-point rate hike to 12% and authorities discussed reintroducing controls to buttress the currency.

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