Ruble Heads for Four-Month Low Against Dollar After Crude Drops
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The ruble fell against the dollar, heading for its weakest in almost four months as oil, Russia’s main export, sank.
The Russian currency depreciated for a 10th day, falling 0.9 percent to 31.19 per dollar as of 4:02 p.m. in Moscow and extending its streak of losses to the longest since Dec. 14. The country’s $3.5 billion of Eurobonds due 2018 dropped, increasing the yield by six basis points, or 0.06 percentage point, to 3.747 percent.