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. Last Updated: 07/27/2016

Ruble Stays Steady

MOSCOW (MT) - The ruble exchange rate was unchanged in trade on the Moscow Interbank Currency Exchange on Wednesday, staying at 1, 194 to the dollar. Volume was low at $45. 96 million with initial demands of $45. 24 million and supply of $45. 96 million.

The ruble has fallen for the past week. Finance Minister Boris Fyodorov predicted earlier this week that the ruble would continue to lose value because of Russia's high inflation rate.