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The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on Tuesday, weighed down by foreign currency outflows and the country's shrinking current account surplus.
Indian rupee is not a fully convertible and freely tradable currency yet and the country still remains an insignificant player in global trade
The Russian rouble opened down on Monday, continuing last week's decline, which saw the currency hit lows unseen since April 2022, driven in part by demand for foreign currency amid sales of Russian assets by non-residents.
MOSCOW, May 26 ― The Russian rouble weakened ahead of an off-schedule central bank policy meeting that will likely see interest rates lowered today, though it still traded not...
Russia's export-dependent economy is plunging into recession after Moscow sent tens of thousands of troops into Ukraine on Feb. 24.