Ruble Has Worst Week in 11 Years as Russia Says Ready to Act
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The ruble capped its worst week in at least 11 years as the Russian central bank pledged its readiness to support a currency battered by oil’s slide and worsening tension in Ukraine’s east.
The ruble climbed 0.3 percent to 46.7070 per dollar at 7:53 p.m. in Moscow, trimming’s this week’s drop to 7.9 percent, the most since at least 2003. Ten-year government bonds declined for a third week, while wagers for interest-rate increases rose for the first time in eight days.