Ruble Swinging Most in Four Months Triggers Putin Budget Switch

Updated on
  • One-month currency volatility climbs to highest since May
  • Putin announces return to one-year budget amid turbulence

The ruble fell with oil prices, retreating for a fourth day as market turmoil that’s driven the strongest swings in the Russian currency since May forced Vladimir Putin’s government to cut its budget planning horizon from three years to one.

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