The Russian rouble suffered its worst week against the dollar this year, tumbling on a lack of foreign currency in Moscow and the sale of Western businesses in Russia. The rouble dipped more than 2 percent against the US dollar to an intraday low of 83.50, its weakest since April last year. Moreover, it fell more than 2 percent against the euro to an intraday low of 91.32.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

SBP increases interest rate by 150 bps to 8.75 %

On Friday, The State Bank of Pakistan (SBP) raised its benchmark interest…

Pfizer’s trial data shows long-term effectiveness in adolescents

Nov, 22: Pfizer Inc (PFE.N) announced on Monday that, its COVID-19 vaccine…

Germany makes billions from debt issuance

Berlin: It emerged on December 22 that the German government earned billions…

Global halal market expected to reach $7.7 trillion by 2025

The volume of growth in the global halal market is expected to…