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Ruble switches to growth on Moscow Exchange, dollar below 97 rubles, euro below 106 rubles

Earlier today, during an extraordinary meeting of the Board of Directors, the Bank of Russia decided to raise the key rate to 12% per annum

MOSCOW, August 15. /TASS/. The ruble rate moved to growth as the dollar-to-ruble rate fell below 97 rubles, the euro-to-ruble rate dropped below 106 rubles, during currency trading on the Moscow Exchange.

As of 06:38 p.m. Moscow time, the dollar rate decreased by 0.95% to 96.74 rubles, the euro rate went down by 1.21% to 105.76 rubles, the yuan rate was around 13.209 rubles (-1.35%).

By 06:51 p.m. Moscow time, the dollar slowed down the decline and lost 0.49% dropping to 97.18 rubles, the euro was declining by 0.7% to 106.3 rubles, the yuan was at around 13.259 rubles (-0.98%).

Earlier today, during an extraordinary meeting of the Board of Directors, the Bank of Russia decided to raise the key rate to 12% per annum. In the first minutes after the decision was announced the ruble started to grow but later moved to the decline against the dollar, euro and yuan.