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USDRUB US Dollar vs Russian Ruble

92.45
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Name Symbol Market Type
US Dollar vs Russian Ruble FX:USDRUB Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 92.45 92.44 92.46 92.45 92.45 0 00:00:00

Russian Ruble Falls Against U.S. Dollar After Russia Rate Cut

15/09/2017 9:15am

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US Dollar vs RUB (FX:USDRUB)
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The Russian Ruble dropped against the U.S. dollar in the European session on Friday, trimming early gains, after the Russian central bank cut the benchmark rate by half a percentage point, citing the risk of inflation overshooting the 4 percent target over the medium term, and signaled that further reductions are possible over the next two quarters.

The Board of Directors decided to cut the key rate by 50 basis points to 8.50 percent, the Bank of Russia said in a statement. The reduction was in line with economists' expectations.

"In order to maintain inflation close to the 4 percent, the Bank of Russia will continue to conduct moderately tight monetary policy," the bank said.

The ruble dropped to 57.66 against the greenback, off its early 3-day high of 57.27. On the downside, 59.00 is possibly seen the next support level for the ruble.

1 Year US Dollar vs RUB Chart

1 Year US Dollar vs RUB Chart

1 Month US Dollar vs RUB Chart

1 Month US Dollar vs RUB Chart

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