Russia's central bank has made tentative hints that it wants to reduce intervention in exchange rates - the Russian currency is under pressure. Compared to the Euro and the Dollar the Ruble falls to a record low. The prospect of reducing the support purchases by the Russian central bank has pushed the currency to a record low on Wednesday.
The central bank wants to reduce the volume of its daily operations by $ 100 million. The ruble exchange rate may vary when compared to a basket of euros and dollars within a range from the current 34.80 to 41.80 rubles.
The central bank wants to reduce the volume of its daily operations by $ 100 million. The ruble exchange rate may vary when compared to a basket of euros and dollars within a range from the current 34.80 to 41.80 rubles.
