Ruble’s rise slows following regulator’s decision to cut key rate to 14% per annum
Business & Economy
July 24, 15:39
In particular, prior to the publication of the regulator’s decision, the yuan exchange rate stood at 11.47 rubles, according to data as of 1:25 p.m. Moscow time
MOSCOW, July 24. /TASS/. The ruble’s exchange rate slowed during trading on the Moscow Exchange following the Central Bank’s decision to cut the key rate to 14% per annum, according to trade data.
In particular, prior to the publication of the regulator’s decision, the yuan exchange rate stood at 11.47 rubles (-9.35 kopecks), according to data as of 1:25 p.m. Moscow time (10:25 a.m. GMT).
As of 1:30 p.m. Moscow time (10:30 a.m. GMT) the yuan exchange rate was down by 9.15 kopecks at 11.48 rubles.