Rouble edges lower as importers puchase a foreign currency

Source: Bloomberg
© Scanpix/Reuters
The Rouble dropped 0.7% to 30.94 against the Dollar in the end of Moscow trading session on Monday. That was a third day of diminishing value of the Rouble and the longest depreciation streak since 29th of October, also the biggest drop since 23rd of October. The Russian currency loses its value, as importers have to cover payments and thus heavily buy a foreign currency during the busiest shopping season.
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