Russian Ruble Continues to Fall

Hit hard by plunging oil prices and international sanctions, the Russian ruble slid Thursday to new lows of just over 46 to the dollar and 58 to the euro — part of its biggest weekly plunge since 2009. The dollar rose to 46.77 rubles from 44.95, while the euro reached 58.11 rubles. The ruble has lost about a quarter of its value so far this year, despite several interventions on the currency market by the Russian Central Bank. Some analysts, saying the ruble is still overvalued, are...

© La Voix de l'Amérique - jeudi 6 novembre 2014