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Ruble

Ruble hits all-time low, past 80.1 against dollar

The ruble hit a historic low on Wednesday as the dollar climbed past the 80.1 rubles level for the first time, exceeding the levels seen during the dramatic plunge of the Russian currency in December 2014.

Jan 20, 2016, 17:53 PM IST

Weak ruble helps Gazprom second-quarter profits

The Russian gas behemoth Gazprom announced Monday second-quarter net profit of 293.8 billion rubles, an increase of 29 percent over a year earlier, thanks to a weak ruble.

Sep 01, 2015, 04:39 AM IST

Russia's ruble, stocks drop on Moody's downgrade

Russia's ruble and stock market dropped sharply on Tuesday in response to a recent slide in the price of oil and a downgrade to "junk" status of its sovereign debt by Moody`s.

Feb 24, 2015, 18:29 PM IST

Russia's central bank makes surprise interest rate cut

The announcement to slash its key interest rate to 15 percent from 17 percent marked the first cut since December 2011.

Jan 30, 2015, 22:32 PM IST

Adidas says profits hit by falling ruble, divestment

Adidas, the German maker of sportswear and equipment, said Friday it met its 2014 targets, but earnings were hit by special factors such as the falling ruble and the sale of its Rockport brand.

Jan 23, 2015, 15:19 PM IST

Russian central bank sold $76 bn to prop up ruble in 2014: Data

The ruble`s fall plus Russian sanctions on most Western food imports led to price rises of 11.4 percent in 2014.

Jan 12, 2015, 15:58 PM IST

Sanction-hit Russian state bank VTB receives $1.8 bn aid

Russia`s second largest bank VTB said Tuesday it has received 100 billion rubles ($1.8 billion) from the country`s national welfare fund, part of a plan to recapitalise the banking system hit by the falling ruble and Western sanctions.

Dec 30, 2014, 22:48 PM IST

Russian economy suffers first major contraction since 2009

Russia's economy shrank sharply in November and the rouble resumed its slide on Monday as Western sanctions and a slump in oil prices combined to inflict the first contraction in GDP since the global financial crisis.

Dec 29, 2014, 16:34 PM IST

Ruble fall creates turbulence for Russian airlines

Their international competitors may be cheering tumbling oil prices, but the collapse in the ruble has meant major financial turbulence for Russian airlines who have expenses in foreign currencies.

Dec 28, 2014, 10:22 AM IST

Moscow set to subsidise struggling ruble-hit airlines

Moscow is to set to step in to support troubled Russian airlines badly hit by the collapse of the ruble and falling passenger numbers.

Dec 22, 2014, 21:33 PM IST

Ruble steady in Asia after Russia measures to halt collapse

The struggling Russian unit was at 61.59 to the dollar after plunging to 80 earlier in the week, and at 74.21 against the euro after previously hitting 100.

Dec 18, 2014, 12:19 PM IST

Russian economy faces 5% contraction: IIF economist

The sharp fall in oil prices and Western sanctions could combine to drive a five percent contraction of the Russian economy next year, an economist warned Wednesday.

Dec 17, 2014, 23:03 PM IST

Russia spends billions to prop up ruble

Russia stepped up its defence of the ruble on Wednesday as it sought to halt a run on the currency and stem the worst financial crisis of President Vladimir Putin`s 15 years in power.

Dec 17, 2014, 23:01 PM IST

Ruble collapse buffets Asian carmakers' big Russia bets

Asian carmakers who bet big on expanding in Russia face a test of their commitment to a market they once hoped was set to surpass Germany`s by size as the rouble plunges and auto sales skid.

Dec 17, 2014, 18:50 PM IST

German business warns ruble plunge will 'affect us all'

A German business group Wednesday cautioned against "Schadenfreude" over Russia`s currency woes, predicting a 20-percent drop in German exports to the country this year and the risk of worse to come.

Dec 17, 2014, 18:16 PM IST

Russian ruble rebounds slightly after record plunge

 Russia scrambled Wednesday to halt a run on the ruble, selling billions of reserves to prop up the currency in the worst economic crisis of President Vladimir Putin`s 15 years in power.

Dec 17, 2014, 17:30 PM IST

Russia finance ministry selling reserves to support ruble

Russia`s finance ministry is selling its foreign currency to support the ruble, a spokeswoman told AFP on Wednesday.

Dec 17, 2014, 15:08 PM IST

Russia's Finance Ministry selling reserves to support ruble

Russia`s Finance Ministry is selling its foreign currency to support the ruble, a spokeswoman told AFP on Wednesday.

Dec 17, 2014, 14:11 PM IST

Russian ruble rebounds slightly after record plunge

Russia scrambled Wednesday to halt a run on the ruble, selling billions of reserves to prop up the currency in the worst economic crisis of President Vladimir Putin`s 15 years in power.

Dec 17, 2014, 13:18 PM IST

Russia hikes key rate to 17% after record ruble tumble

The Russian central bank early Tuesday announced a dramatic hike of its key interest rate from 10.5 to 17 percent after the ruble plunged to a fresh record low.

Dec 16, 2014, 09:49 AM IST