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International Business News: Russia has lifted duties linked to the rouble-dollar exchange rate on most coal exports, according to a decree published on the government's website.
The Russian rouble collapsed to $117, bringing back memories of a similar scale of slumps in the currency when Russia defaulted on its debt in 1998.
The rouble held above 100 against the dollar on Wednesday after weakening to a record low of 117 in other markets in the previous session.
The Russian rouble recouped most of its losses in early trade on Tuesday after its crash to an all-time low in the previous session.