Ruble falls amid dropping oil prices

Source: Bloomberg
© Scanpix/Reuters
The Russian Ruble depreciated 1.1% today against dollar-euro basket of the central bank, the biggest drop since April 17. The currency also dropped 0.8% against the U.S. Dollar and is currently trading at 31.3997. Decreasing oil prices and the Finance Ministry's support for a weaker currency and talks about intervention were responsible factors for the Ruble's debasement.
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