Markets

Russian rouble strengthens sharply in early trade

Published December 30, 2014 Updated December 30, 2014 07:45am

1 min

By Shoaib Ur Rehman

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MOSCOW: Russia's rouble strengthened sharply in volatile trade early on Tuesday, reversing losses at market opening.

At 0716 GMT, the rouble was around 3 percent stronger against the dollar at 56.45 roubles per dollar and 1.5 percent stronger against the euro at 69.93.

The central bank said on Tuesday that Russia's Finance Ministry sold $80 million in forex market interventions on Dec. 26, part of co-ordinated government efforts to defend the currency.

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