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. Last Updated: 07/27/2016

Ruble-Mark Rate Falls

MOSCOW (MT) -- The ruble exchange rate against the Deutsche mark fell more than 10 percent to 550 rubles to the mark at the weekly trading session at the Moscow Interbank Currency Exchange Wednesday, RIA news agency reported.

It fell 58 rubles to the mark from 492, with initial demand of 12. 7 million Deutsche marks exceeding supply by more than 18 times.

The official Russian Central Bank exchange rate of the Deutsche mark is currently 515. 95 rubles to the mark. It is set from the trading of the dollar on the exchange, which takes place on Tuesdays and Thursdays each week.