Ruble Slides to Five-Week Low as Russia Limits Supply of Dollars
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The ruble slid to a five-week low as the central bank suspended some foreign-exchange auctions, stepping up measures to counter this year’s biggest currency rally.
The ruble weakened 1.7 percent to 53.23 against the dollar at 5:36 p.m. in Moscow. It fell 1.2 percent last month, trimming this year’s advance to 14 percent. Bank of Russia suspended the sale of one-year foreign-currency repurchase agreements on Monday continuing a policy of restricting access to instruments that can be used to reinvest in higher-yielding ruble assets.