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. Last Updated: 07/27/2016

Central Bank Sells Rubles to Stem Rise

The Central Bank intervened in the currency market Thursday, buying dollars for the first time in more than three months in a bid to stem the appreciation of the ruble, dealers said.

On Wednesday, it strengthened beyond the psychologically key 30 rubles against the dollar mark and put the market on high alert for possible interventions.

On Thursday, the ruble extended gains to close at 29.94 per dollar, up 6.4 percent this month.   

(Reuters)