CCY - CCY Delayed Price. Currency in RUB
+0.6254 (+0.86%)
At close: 10:54PM GMT
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Previous Close72.962
Day's Range72.749 - 74.712
52 Week Range67.0160 - 75.0060
  • MarketWatch

    Russian ruble falls as central bank cuts key rate by 25 basis points to 6%

    The Russian ruble weakened across major currencies on Friday after the country's central bank dropped interest rates 25 basis points to 6%. "Risks of a substantial global economic slowdown persist. Disinflationary risks still exceed pro-inflationary risks over the short-term horizon," said the Bank of Russia in a statement. The bank expects annual inflation will come in at 3.5% to 4% in 2020 and close to 4%, and said it holds open the prospect of further cuts if its baseline forecast develops. The ruble dropped 0.7% against the dollar to 63.859 rubles and fell 0.5% against the euro to 69.905 rubles.