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Russia's Ruble Partly Recovers as Consumers Spend on Inflation Fears

Russia's currency, the ruble, has recovered by about 10 percent, after falling sharply in value this week, as the government pressured exporters not to hoard their foreign currency. Consumers in Moscow have been on a spending spree, on fears of price hikes, after a massive interest rate increase failed to stop the ruble's decline. The ruble regained some ground Wednesday in volatile trading, but investors remain nervous about currency's stability. Russia's central bank...

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