The Russian currency shed 4.5% to 85.06 against the dollar as of 2046 GMT, although bounced off its all-time low of 89.98 per dollar hit earlier in the session as the central bank announced FX interventions.The Russian currency shed 4.5% to 85.06 against the dollar as of 2046 GMT, although bounced off its all-time low of 89.98 per dollar hit earlier in the session as the central bank announced FX interventions.
The Russian currency shed 4.5% to 85.06 against the dollar as of 2046 GMT, although bounced off its all-time low of 89.98 per dollar hit earlier in the session as the central bank announced FX interventions. Yields on the Russian 10-year benchmark OFZ Treasury bonds closed at 12.66%, the highest since March 2015.
With investors worldwide fleeing risk assets, the MSCI’s gauge for emerging market stocks slumped 4.3%, marking its worst day since March 2020.
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