Russian Ruble Weakens Toward 70 Per Dollar as Oil Resumes Slide

  • Currency's fair value 70-75 per dollar, Sberbank CIB says
  • ING, Sberbank predict Bank of Russia will cut rates on Friday

The ruble reversed gains, approaching 70 per dollar for the first time since August, as the price of Brent crude fell below $40 a barrel.

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