| The rouble tumbled on Wednesday after Russia's central bank effectively abandoned the trading corridor for the currency, halting the multi-billion dollar daily interventions that had propped it up through sanctions and plunging oil revenues.
The bank announced it would limit daily interventions to just $350 million a day, saying this would mean the currency's price would now largely be set by the market, although it stopped short of formally abolishing the trading corridor...............................................Full Article: Source
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