The ruble got slammed again on Monday. The currency ended the day at around 61.61 per dollar, around 6.4% weaker against the dollar. During the day, the currency got as weak as 62.0 rubles per dollar. By comparison, on the first day of trading in 2014 the ruble was at 32.03 rubles per dollar. The currency’s drop coincides with crude oil crashing below $50 per barrel on Monday, the lowest price for the commodity since April 2009. Oil fell as low as $49.89, a more than 5% decline on the day. Over the course of 2014, the ruble fell approximately …read more
Source: Business Insider
