Ruble Drops to Six-Month Low as Sberbank Warns of China Risks
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The ruble weakened, headed for the lowest level in six months, and Russian bonds fell on concern exports will suffer from a slowdown in the Chinese economy.
Russia’s currency declined 0.2 percent to 64.4110 per dollar by 7:08 p.m. in Moscow. Five-year government bonds decreased for the first time in four days as the Finance Ministry raised cash at a weekly auction of local debt known as OFZs.