Russian Currency Rouble in sharpest fall since 1998 Monday Dec 15,2014

 

Rouble in sharpest fall since 1998
On Monday Dec 15,2014 the rouble suffered its sharpest fall in more than 15 years, losing around 10% of its value against the dollar. Moscow's RTS share index plummeted 10%

On Monday, the rouble weakened beyond 60 roubles per dollar for the first time, hitting a record low of 64.44 to the dollar on the Moscow Exchange, almost 10 percent weaker than the previous close, and 78.87 versus the euro.

In US trading, the rouble sank further to 65.90 to the dollar after it broke through the upper limits of a price boundary set by the Moscow Exchange, meaning the exchange did not accept offers above 64.4459 in the evening session.

The dollar-denominated RTS share index closed down 10 percent at a five-year low and Russian companies' dollar bonds sold off.