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. Last Updated: 07/27/2016

Ruble Holds At 559 to $1

Continuing a two-week run, the ruble held steady at 559 to the dollar on Moscow's Interbank Currency Exchange Thursday, but traders were expecting the currency to fall soon.


"The ruble exchange rate should be going through the roof, economically speaking", Moscow-based banker Peter Derby told The Associated Press earlier this week. Derby, president of the joint venture Dialogbank, said he believed that the Central Bank had been intervening to prop up the ruble.