Published 2 months ago

Russian ruble weakens past symbolic threshold of 100 against the dollar

The Russian ruble has weakened past the symbolic threshold of 100 to the US dollar due to foreign currency outflows and a shrinking balance of trade.
The central bank has raised its key rate by an additional percentage point to 13% in response to persistent high inflationary pressure in Russia.
Ukrainian President Volodymyr Zelenskiy emphasized the importance of cooperation between Ukraine and the EU in the face of possible weakening support within the bloc.

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Times of India

Ruble sinks back to 100 versus dollar in new headache for Russia

The Russian ruble has depreciated to nearly 100 per dollar, a significant milestone for both consumers and the government. Efforts by policymakers to stabilize the currency have been unsuccessful, leading to discussions about implementing capital control measures. The central bank has raised interest rates in the past to support the ruble, but Bank of Russia Governor Elvira Nabiullina has warned against using administrative measures.

2 months ago·India

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CNBC

Russian ruble weakens past symbolic threshold of 100 against the dollar

The Russian ruble weakened beyond a symbolic threshold of 100 to the U.S. dollar in the early hours of Tuesday.

2 months ago·United States

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TASS [🇷🇺-affiliated]

Dollar exchange rate at Moscow Exchange exceeded 100 rubles, trading data suggests

Meanwhile, the euro decreased by 0.33$ to 104.605 rubles

2 months ago·Moscow, Russian Federation

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Bloomberg

Ruble Sinks Back to 100 Versus Dollar in New Headache for Russia

The ruble depreciated near 100 per dollar again, briefly crossing an important psychological mark for Russian consumers and the government after past efforts by policymakers failed to arrest the currency’s decline.

2 months ago·United States

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Radio Free Europe/ RadioLiberty

Russian Ruble Weakens Past 100 To The Dollar

The Russian ruble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on October 3, weighed down by foreign-currency outflows and the country's shrinking current-account surplus.

2 months ago·Czechia

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Euronews

Russian rouble tumbles again, exceeding 100 to the US dollar

The rouble has been struggling for months due to the imposition of Western sanctions on Russia, hurting the bank accounts of the general population in the process.

2 months ago·France

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