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Reading: Russian Rouble gets boost
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PhotoNews Pakistan > Business > Russian Rouble gets boost
Business

Russian Rouble gets boost

Web Desk
By Web Desk Published November 8, 2014 1 Min Read
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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.

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