The ruble and Russian shares fell on Monday as the oil price tumbled to a five-year low and the Central Bank appeared to refrain from interventions in the currency market. At 8:27 p.m. Moscow time, the ruble was down 2.4 percent against the dollar at 53.66 and down 2.3 percent against the euro at 65.80. The ruble-based MICEX share index was down 3.13 percent at 1,481 points and the dollar-based RTS was down 4.22 percent at 870 points, having earlier set a five-year low of 872. The price for Brent crude was down almost 3 percent at 67.15, having earlier dipped below $67 per barrel for the first time since September 2009. Oil and gas account for around 70 percent of Russia's exports.On Friday, the ruble had closed up 3 percent against the dollar. That was linked to Central Bank interventions to support the currency, traders said, but there was little sign of more interventions so far on Monday.
see in: Ruble
INC News, 09/12/2014
No comments:
Post a Comment