Ruble

Russian central bank moves to stem plunge in ruble by raising benchmark rate

The bank hiked the benchmark rate to 20% from 8.5%. That followed a Western decision Sunday to freeze Russia's hard currency reserves, an unprecedented move that could have devastating consequences for the country's financial stability.

Ruble dives to record low; Russian central bank raises rate to 20%

Central bank restrictions target access to the more than $600 billion in reserves that the Kremlin has at its disposal, hindering Russia's ability to support the ruble as it plunges in value.

Crude shock: Ruble crashes the most in 16 years, sends shivers across global economy

Amid such an economic environment globally, it is difficult to imagine how risk assets such as stocks can thrive.

Putin goes for a salary cut of 10% as Russian economy reels from ruble collapse

Russian President Vladimir Putin announced on Friday he was cutting his salary by 10 per cent as well as the earnings of several top government officials, as the country's economy reels from the collapse of the ruble.

2015-16 GDP growth will be 'much better,' says FM Arun Jaitley

Gloomy forecast: Global economy set to end year in a fragile state

A relentless slide in oil prices -- Brent Crude has almost halved in price since June -- while a blessing to most rich world consumers, is becoming a curse for countries reliant on resource exports.

Putin says Russia is 'not in a crisis' but here's why you should be worried

Earlier this week, Russia made its last-ditch effort to save its economy and its currency from collapsing. The country's central bank hiked the interest rates from 10.5 percent to 17 percent, the biggest hike since Russia's ruble crisis in 1998, to prevent the ruble from crashing in value for the sixth time this year even though the currency has hit its record low, sparking worries of an economic and political instability

Ruble falls, economy in crisis: Still 80% Russians support Putin

The ruble has lost more than half its value, the economy is in crisis and his aggression in Ukraine has turned the country into an international pariah.

Ruble strengthens after fall as Russian govt pressures exporters

Russia's ruble strengthened sharply on Wednesday after dramatic falls on the previous two days as the government pressured exporters not to hoard foreign-currency earnings

Will overcome economic crisis, says Russian PM

Russian Prime Minister Dmitry Medvedev today assured ministers and industry leaders that the country had enough monetary resources to overcome the economic crisis despite the ruble's plunge in value.