Ruble Drops to 2015 Low on Year-End Budget Flows as Oil Tumbles

Updated on
  • Russian currency slides past 72 per dollar as oil drops
  • Finance Ministry seen boosting budget spending before new year

Kudrin Said in Talks With Putin for Senior Post

The ruble fell to its weakest level this year as oil resumed declines and investors speculated a traditional pick up in end-of-year budget spending will hurt the Russian currency by pumping extra cash into companies and banks.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.