Russia takes more action to prop up ruble

Russia takes more action to prop up ruble
Moscow (UPI) Dec 31, 2014 - With low oil prices and Western sanctions taking their toll, the Central Bank of Russia said it was forced to take action to keep the national currency stable. The Russian currency is recovering somewhat, valued at about 56.45 to the U.S. dollar, up from recent lows of around 65 rubles to the U.S. dollar. In mid-December, the Russian Central Bank raised its key interest rate by 6.5 perc ... more

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