Friday 28 November 2008

Twice in one week

Russia lets rouble drop twice in one week

By Peter Garnham

Published: November 28 2008 11:09 | Last updated: November 28 2008 11:09

The Central Bank of Russia let the rouble weaken by one per cent against its euro/dollar basket on Friday, the third time its has allowed the currency to depreciate this month.

The rouble is tightly managed against a basket of 55 per cent dollars and 45 per cent euros by the Russian authorities.

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