Breaking News

Holland Takes 2-0 Lead Over Brazil in World Cup Runner-up Match
Tweet TWEET

Weakening Ruble Not a Signal of Instability, Siluanov Tells RIA

The weakening of the ruble corresponds with the monetary policy of Russia’s central bank, Finance Minister Anton Siluanov told RIA Novosti.

“The ruble exchange rate, which has significantly dropped today, remains inside the limits set by the Central Bank,” Siluanov said. “It’s wrong to talk about instability, risks and a worsening outlook.”

The ruble lost 2.2 percent to 33.48 per dollar by the close in Moscow, extending its monthly drop to 12 percent, the most of 25 emerging-market currencies tracked by Bloomberg and sharpest drop since January 2009.

To contact the reporter on this story: Ksenia Galouchko in Moscow at kgalouchko1@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.