75 Rubles News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Investors say geopolitical risks they do abound, and they tend to ease over time. general petraeus mentioned some of the historic levels of financial market turmoil that have happened in russia. i mean, the words being used are, again, historic, collapsed, unprecedented, all of these things, especially when it comes to the currency. that russian ruble weakens to its worst level on record, at one point today, it cost around 110 rubles to buy just one u.s. dollar. to give you some context at the beginning of the year, it cost around 75 rubles to buy the same dollar. that s how weakened the currency has gotten, and it s that quick and massive depreciation that led the russian central bank to more than double interest rates to 20% from 9 1/2%, i mean, here we re talking about some of the turmoil that s being caused by the fed, looking to raise rates by 1/2 of 1%. all in an effort to stop the selling pressure on the ruble, and try to encourage people and ....

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