Citi Analyst Who Predicted Ruble Slump Forecasts More Pain
- Central bank FX sales not seen helping ruble very much
- Currency is trading near four-year low reached in March
An electronic board displays a U.S. dollar exchange sign above an exchange bureau in Moscow.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
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A Citigroup Inc. model that predicted the recent slump in the ruble is indicating that more pain is in store for Russian markets, even after the central bank said it’s increasing foreign currency sales.