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. Last Updated: 07/27/2016

Ruble Holds Firm

MOSCOW -- The ruble held steady Monday and the Central Bank set the official exchange rate for Tuesday at 16.88 rubles to the dollar, a fraction lower than the weekend rate of 16.69.

At the Moscow Interbank Currency Exchange's tightly controlled morning session, during which the Central Bank calculates the next day's official rate, the ruble traded at an average of 16.68, while at the more loosely regulated afternoon session it traded at 16.78. The volume in morning trade was $82.71 million, and afternoon turnover totaled $48 million.