The Russian ruble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on October 3, weighed down by foreign-currency outflows and the country's shrinking current-account surplus. The ruble's last tumble into triple digits in August led the Bank of Russia to make an emergency 350-basis-point rate hike to 12 percent and authorities discussed reintroducing controls to buttress the currency. At 0415 GMT, the ruble was 0.21 percent weaker against the dollar at 99.97 after falling to as low as 100.26 soon after opening at 0400 GMT. To read the original story by Reuters, click here.
Russian Ruble Weakens Past 100 To The Dollar
People walk past a currency-exchange office in Moscow in August.