Markets

Rouble weakens to new all-time low of over 42 rbls/dlr

Published October 24, 2014 Updated October 24, 2014 01:13pm

1 min

By Shoaib Ur Rehman

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MOSCOW: Russia's rouble weakened to a new all-time low of 42.01 roubles per dollar on the Moscow Exchange on Friday, hurt by risk aversion linked to an upcoming review of Russia's debt rating by Standard and Poor's and weaker oil prices.

The rouble has been pressured for months by falling oil prices, Western sanctions over the Ukraine crisis and strong demand for dollars from Russian firms shut out of international capital markets.

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