Russia's Ruble Drops Again After CenBank Says Won't Intervene

Economy
21/01/2016 16:24

Russia, the world's largest producer of diamonds in both volume and financial terms, saw its currency's historic fall continue for a second day, with Bloomberg saying speculators moved after comments by the head of Russia's central bank that it didn’t intend to intervene in the market to stop the slide. The ruble declined as much as 5.3 percent to almost 86 to the dollar, heading for its biggest two-day drop in a year.