Russian rouble tumbles to over 16-month low past 94 vs dollar
The Russian rouble tumbled over 2% to a more than 16-month low past 94 against the dollar on Wednesday, pressured by political risk, falling oil prices and concerns the finance ministry may switch to foreign currency purchases this month, Reuters reports.
By 1609 GMT, the rouble was 2% weaker against the dollar at 94.16 , earlier hitting 94.32, its weakest point since March 28, 2022.
It had lost 1.8% to trade at 103.00 versus the euro, also a more than 16-month low, and had shed 1.8% against the yuan to 13.07. Brent crude oil, a global benchmark for Russia's main export, was down 2.2% at $83.03 a barrel, sliding back from its strongest since April 17 of $85.99.
A high-rise building in Moscow's business district that houses three Russian government ministries was struck by a drone for the second time in three days on Tuesday, forcing companies to think about their employees' safety.
