MOSCOW: The Russian rouble slumped past 68 per US dollar to a more than seven-month low on Monday, hurt by low oil prices and fears that sanctions on Russian oil could crimp the country’s export revenue.

By 1248 GMT, the rouble was 5.3% weaker against the dollar at 68.02, its weakest mark since May 11.

The currency also lost 4.2% to trade at 72.00 against the euro, its weakest since May 6. It shed 5% versus the yuan to 9.74, its weakest level since early July.

Comments

Comments are closed.