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Currencies of developing economies to weaken after March 15 — Ex-Finance Minister Kudrin

MOSCOW, March 14. /TASS/. Currencies of developing economies will weaken if the US Federal Reserve decides to increase the base rate at its meeting on March 15, Chief Executive of the Russian Center for Strategic Research (CSR) Alexei Kudrin said on Tuesday in Twitter.

"It is highly probable the US Federal Reserve will increase the rate tomorrow. This will weaken currencies of developing markets in a way," Kudrin tweeted.

The US regulator will announce its decision at 21.00 Moscow Time on March 15.