Moscow (AFP) – The Russian ruble tumbled against the dollar and the euro for the second day in a row on Tuesday, punished as oil prices plunged further.The ruble was worth 64.68 against the dollar and 76.43 against the euro at around 0900 GMT, down from 63.17 and 74.68 on Monday evening.Stocks in the oil exporting nation were also hit, with the RTS index down 2.64 percent at around 0900 GMT.Russia’s budget depends heavily on revenues from oil and gas, and the ruble’s fall on Tuesday came as the price of a barrel of Brent fell to around $46, approaching …read more
Source: Business Insider
