Tag: Russian rouble

Russian rouble plummets to new low as oil slumps

The rouble slumped to new all-time lows on Thursday (January 21) as speculative pressure on the currency built, piling pressure on policymakers and reinforcing fears about the fragility of the commodity-dependent economy. Pushed down by a collapse in global prices of oil that has soured sentiment for Russian assets, the rouble broke through 83 roubles per dollar for the first time before later slumping to 86 per dollar. Chief economist with Alfa Bank, Natalia Orlova, […]