The rouble recovered slightly yesterday, paring heavy losses as investors anticipated possible action by the central bank to halt a slide that could destabilise Russia’s financial system.
With the rouble appearing to be in free-fall in morning trade, some analysts said the country was already in the grip of a currency crisis.
It fell over 3 per cent against both the dollar and the euro following similar falls on Thursday, but talk of an emergency central bank meeting saw it recoup its losses in the afternoon.
