Forex

Rouble slumps over 6% in early trade

Reuters Moscow | Updated on December 29, 2014 Published on December 29, 2014

Russia’s rouble slumped over 6 per cent against the dollar in early trade on Monday in thin trade, as exporters scaled back their sales of foreign currency after having accumulated enough roubles to meet end-of-month tax payments.

At 0739 GMT, the rouble was around 6.3 per cent weaker versus the dollar at 57.42. It lost 6 per cent to trade at 70.00 versus the euro.

Published on December 29, 2014
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