Increasing investor aversion to emerging market risks saw the rouble fall to a two-month low this morning, with all eyes now turned to the Russan central bank to take more action to curb the slump.
While the rouble eased as far as 35.65 versus a euro-dollar basket yesterday, marking its weakest position since late October, it [...]

Interest rates in Russia have been cut to a record low of nine per cent by the central bank, in a move aimed at slowing rouble appreciation and supporting the country's economic recovery.
Taking effect tomorrow, the cut by 50 basis points marks the ninth time the central bank has made a rate reduction since April.
In [...]

The weakening rouble, coupled with higher interest expenses, led profits at Russian fixed-line telecoms operator Comstar to drop over a quarter between July and September, it has emerged.
According to data released by the company, which has given a more bullish outlook for revenue growth in rouble terms, net profit in 2009's third quarter fell by [...]

While recent oil strength and returning investor demand for emerging markets have promoted the rouble's rally, this week saw a pause in the Russian currency's progress.
It closed at 28.84 versus the dollar on Thursday (12th November), though that was still more than 11 per cent up since the beginning of September.
According to Reuters, the [...]

The Russian central bank has pledged to cut interest rates in order to reduce pressure on the rouble.
Following World Bank optimism about the country's economic outlook for 2010, the bank warned the market against a one-way bet on the strength of the oil-driven rouble.
Reuters reports that Sergei Shvetsov, head of the Russian central bank's [...]

Moderation of the rouble's appreciation was the Russian central bank's aim when it purchased between $15 billion and $16 billion on the foreign exchange market in October.
That's according to Alexei Ulyukayev, the bank's deputy chairman, who told reporters the recent strengthening of the rouble had prompted concern in some corners.
"It, of course, causes concern in [...]

The strengthening rouble has seen Russia's oil wealth funds gain $2.4 billion over the last month, with the country's Reserve Fund now worth 2.24 trillion roubles.
According to the Russian finance ministry, the latter – which exists to fill gaps in the federal budget – is down from 2.3 trillion roubles ($76.37) billion on 1st October.
Reuters [...]