Arab Today, arab today ruble extends historic decline amid freefloat doubts
Last Updated : GMT 06:10:40
Arab Today, arab today
Arab Today, arab today

Ruble extends historic decline amid free-float doubts

Arab Today, arab today

Arab Today, arab today Ruble extends historic decline amid free-float doubts

Moscow - AFP

The ruble extended its historic lows on Thursday amid mounting market speculation that the Central Bank may delay a planned 2015 free-float of the Russian currency because of its rapid decline. The euro was up 0.3 percent to 48.20 rubles in afternoon trading on the Moscow Exchange -- above the record high it had set on Wednesday. The dollar also traded up 0.7 percent at 35.42 rubles and appeared on track to add further to a five-year high it established against the beleaguered Russian currency this week. The dual-currency basket of dollars and euros which the central bank uses to set policy had broken the 41.15 low point it established in the February 2009 and stood at 41.165 rubles at 1:30 or 0930 GMT. Russia's Central Bank has reduced the amount of its direct interventions on the market as it moves to a fully floating exchange rate by the start of next year. The ruble has shed more than six percent of its value against the dual currency basket since the start of the year. Both traders and officials said the free-float idea may have to be reviewed in light of the rapid turn of investor sentiment against emerging markets. Did "moving to a free float led to a free-fall?" Moscow's VTB Capital investment bank asked in a research note. "The fall has become so steep that the ruble free-float planned for 2015 may be delayed," the Vedomosti business daily wrote. The influential daily reported that Economy Minister Alexei Ulyukayev -- the former Central Bank chief whom Vedomosti identified as the "author of the (free-float) idea" -- no longer believes the 2015 target date can be met.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ruble extends historic decline amid freefloat doubts Arab Today, arab today ruble extends historic decline amid freefloat doubts

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 01:04 2017 Tuesday ,28 February

Nokia 3310 is back — and so is 'Snake'

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday