[Novice][CEE] Russia's Central Bank Devalues Ruble for Third Time in Week
Russia's Central Bank Devalues Ruble for Third Time in Week
By Denis Maternovsky
Dec. 24 (Bloomberg) -- Russia devalued the ruble for the third time in a week, sending the currency to its lowest level against the dollar since January 2006, as oil near $39 a barrel dimmed the outlook for economic growth.
The ruble fell as much as 0.9 percent against a basket of dollars and euros, and traded at 33.7 at 11:09 a.m. in Moscow, after the central bank allowed it to fall another 1 percent. The currency weakened 0.7 percent against the dollar to 28.6011, and 0.8 percent against the euro to 39.9407.
http://www.bloomberg.com/apps/news?pid=20601087&sid=apoh6MhkiiF4&refer=home
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