Ruble Posts Second Weekly Decline Against Bank Rossii Basket
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The ruble extended its second consecutive weekly drop against the central bank’s target currency basket as oil fell in the period amid a deadlock over Cyprus financial turmoil.
The Russian currency retreated less than 0.1 percent against Bank Rossii’s dollar-euro measure to 35.0054 by 7 p.m. in Moscow, leaving the weekly decline at 0.4 percent. The ruble advanced 0.2 percent against dollar to 30.8685.