22.07.2016 - Kremlin Warning Daily on Ruble Gains Puts Currency Into Reverse
Russia’s ruble headed for its lowest level in a week on speculation policy makers will shut down the currency’s gains as officials echoed a warning by President Vladimir Putin that its appreciation may have gone too far. The ruble erased an advance at the start of trading and headed for a third daily loss after a Kremlin aide said the currency’s strength relative to oil prices endangers the budget and local companies’ competitiveness...............................................Full Article: Source
Print