Ruble Ends Worst Rout in 14 Months on Russia Dollar-Auction Plan
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The ruble ended its longest losing streak in 14 months as Russia’s plan to start auctioning foreign currency eased concern a dollar and euro shortage will worsen.
The currency strengthened 0.2 percent against the central bank’s target dollar-euro basket to 45.7505 at 6 p.m. in Moscow, after losing 3.3 percent in the previous eight days. The yield on 10-year government bonds fell 10 basis points from a five-year high to 9.87 percent.