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Sovereign Wealth Funds Briefing - Categorized | Market, Reserve Currencies

Ruble slides third day as wealth fund top-up plan stokes concern

Posted on 20 February 2014

The ruble weakened for a third day on bets a Finance Ministry plan to replenish one of Russia’s wealth funds will blunt central bank steps to slow the local currency’s fall.
The ruble lost 0.5 percent to 41.6355 against Bank Rossii’s target basket of dollars and euros by 11:54 a.m. in Moscow. The yield on the government’s bonds due February 2027 rose six basis points, or 0.06 percentage point, to 8.38 percent………………………………………..Full Article: Source


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