FR: Russian ruble suffers new fall but the collapse slows
Moscow: The dramatic fall in Russia’s ruble slowed on Wednesday, with the government selling foreign currency to prop it up after a 50 percent fall against the dollar this year.
Losses were partly contained by exporters selling dollars in preparation for paying their monthly tax bills but the slide was less precipitous than in the past two days when it fell about 20 percent against the dollar.
At 0508 ET, the ruble was down around 1.6 percent against the dollar at 68.58 rubles per dollar and was 0.3 percent weaker versus the euro at 85.40.
