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Tripwire for Bank of Russia Seen Closer as Oil Sinks Ruble

  • Ruble at 90 a dollar may trigger interventions, economists say
  • Central bank hasn't sold currency since floating ruble in 2014
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Ruble Hits Record Low as Crude Crumbles

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The ruble is fast descending toward the danger zone that may trigger the first foreign-currency sales by the Russian central bank in more than a year, according to a survey of economists.

The Russian currency would need to weaken about 10 percent to 90 against the dollar for the central bank to step in, according to the median of 15 analysts polled by Bloomberg. Two respondents put the threshold at 80, which the ruble already breached on Wednesday for the first time. Currency sales in support of the ruble were the likeliest course of response for the Bank of Russia, followed by verbal interventions and an emergency interest-rate increase, the economists said.