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Rouble fluctuations continue

October 04, 2011, 11:11 UTC+3
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The assurances by the authorities and experts trying to convince the market of the rouble's reliability, have not yielded any result so far. The national currency began the week with a dramatic fall, along with the stock market. On Monday, the rouble rate returned to the low posted in the summer of 2009.  Analysts believe the rouble rate might stabilize shortly, the "Moskovsky Komsomolets" writes. At the same time, they point out that the intervention of the Bank of Russia and the situation in world markets does not change the fundamental setup and that the rouble might continue its downfall.

 

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