RUB Falls for 4th Day Amid Ukraine Contagion Concerns

Feb. 20 (Bloomberg) -- RUB weakened for 4th day as investors speculated deepening political crisis in Ukraine will hurt Russian assets.

* RUB fell less than 0.1% to 41.8226 against Bank Rossii’s

target basket of dollars and euros by 6 p.m. in Moscow, when

the central bank stops its market operations, after earlier

breaching 41.85. Beyond that level, Bank Rossii sells

unlimited foreign currency to stem declines * “It seems the market is using the ruble as a proxy,” Jean- David Haddad, a trader at OTCEx Group in Paris, said in e- mailed comments. “The Ukrainian deterioration may weigh on

Russian credit quality,” he said, citing “the bailout

package and the reputational risk for Russia.” * Story Link:NSN N1B0P06S972A<GO>

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