Russian Ruble Plumbs Historic Lows
Russia's ruble plunged on Monday, reaching an all-time low of more than 40 rubles to the dollar.
The ruble slumped to 40.05 to the dollar shortly after Moscow markets opened, the first time the Russian national currency weakened beyond the psychologically important rate of 40 to the dollar.
Over the past months the ruble has been under huge downward pressure owing to a host of factors including Western sanctions imposed against Russia over the Ukraine crisis and falling oil prices.
Source: Agence France Presse
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