Russia lets ruble drop to new low

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Russia lets ruble drop to new low
Oluşturulma Tarihi: Aralık 30, 2008 00:00

MOSCOW - Russia's weakening ruble dropped to a new low yesterday as the Central Bank allowed a sharp drop in the currency that has been battered by the global meltdown.

The ruble slid 1.5 percent on the MICEX foreign currency exchange, down to 34.8 rubles against the Central Bank's euro-dollar basket by 11 a.m. Moscow time (07:00 GMT). It was down to 29.3 against the dollar and 41.6 against the euro, an all-time low.
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