18.06.2014 - Ruble Weakens Third Day as Russia Scales Back Currency Support
The ruble weakened for a third day as Russia’s central bank said it will scale back how much it intervenes in the currency market. Bonds fell. The ruble depreciated 0.3 percent to 40.3501 against the Bank of Russia’s target basket of dollars and euros by 6 p.m. in Moscow, when the central bank stops its market operations. The yield on local-currency debt maturing February 2027 rose three basis points to 8.75 percent, the highest level this month...............................................Full Article: Source
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