Ruble Pares Gains on RIA Report Russia to Set Interest Rates
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The ruble trimmed gains against the dollar in after-hours trading following a RIA Novosti report that lawmakers of the ruling United Russia party submitted a bill to let the government determine interest rates and the composition of the currency basket instead of the central bank.
The Russian currency appreciated 0.7 percent versus the dollar to 31.8025 by 10:51 p.m. in Moscow. The ruble had risen