Russian ruble sinks to new record lows after rate hike
A Russian ruble coin
Moscow - AFP
The ruble slumped to new record lows Thursday after Russia's central bank raised its key lending rate by one percentage point to 10.5% in hopes of curbing soaring prices.
The ruble was trading at 55.45 against the dollar and 68.98 against the euro at 1100GMT, half an hour after the bank's decision was made public.
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