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Russian ruble hits another record low against US dollar

October 06, 2014, 10:14 UTC+3
The price of euro exceeds 50 rubles
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© Sergei Shakhidzhanyan

MOSCOW, October 6. /TASS/. The Russian ruble hit a new historical low. The price for the US dollar now exceeds 40 rubles. The price of the euro exceeds 50 rubles.

The Central Bank of Russia (CBR) plans to shift fully to inflation targeting policy starting from 2015, but offers to give up interference in a free-floating exchange rate regime and economic management through interest rates. Since May 7, 2014, the CBR has actually stopped to make interventions and did not resume them even amid a sharp ruble fall in the bi-currency basket on September 30.

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