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Ruble sinks to 80 a dollar defying surprise Russia rate increase

2014-12-17 02:47:25| Appliances - Topix.net

The ruble plunged to 80 a dollar for the first time as investors speculated Russia will announce capital controls after the largest interest-rate increase in 16 years failed to revive confidence in the currency. The ruble sank as much as 19 percent to 80.10, before trading at 78 at 3:14 p.m. in Moscow.

Tags: rate increase russia dollar

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