Ruble Sinks Most in 6 Years on Ukraine as Bank of Russia Tested
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The ruble headed for the biggest drop in six years as fighting in Ukraine flared and speculators tested the central bank’s willingness to support the currency.
The ruble weakened 3.6 percent to 46.6115 per dollar by 7:20 p.m. in Moscow, the sharpest retreat since January 2009. The yield on 10-year government bonds rose 11 basis points to 10.09 percent.