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Your email address will not be published.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

Wall Street wraps up September on weak note

Wall Street closed out its worst month and quarter of the year…

Nigerian oil vessel explosion poses threat

It was reported on Friday that a ship with a capacity of…

Pakistan plans to quadruple domestic coal-fired power

Pakistan plans to quadruple its domestic coal-fired capacity to reduce power generation…

Bangladesh, ‘basket case’ to rising economic star

Bangladesh recently marked its 50th Victory Day and experts expressed that it…