Ruble Extends Declines as Local, Offshore Markets Disconnect
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The ruble extended declines as the conflict in Ukraine intensified and investors weighed the impact of tough economic sanctions on Russia.
The ruble weakened 5.2% to 99.8000 per dollar at 4:57 p.m. in Moscow trading Tuesday, adding to its worst plunge on record the previous day. In offshore markets, the Russian currency gained 0.3% to 105.0156.