3 years ago
Russian central bank announces currency intervention after ruble plunges to record low
Russia’s central bank said Thursday that it would start interventions in the foreign-exchange market after the ruble plunged to a record low in the hours after troops invaded Ukraine. The Russian ruble fell 6% against the U.S. dollar early Thursday, with one dollar buying 86 rubles–the lowest level on record, according to FactSet.
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