Russian ruble hits new low

A woman is reflected in a window with a board displaying currency exchange rates in St Petersburg, September 16, 2014.

A woman is reflected in a window with a board displaying currency exchange rates in St Petersburg, September 16, 2014.

Published Oct 31, 2014

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Moscow - The ruble hit a new record low on Friday, falling to more than 43 rubles to the dollar, despite defensive action by the central bank which raised interest rates a short time earlier.

The ruble was trading at 43.03 to the dollar at around 15:30 SA time, after strengthening slightly on Thursday, and briefly on Friday after the central bank raised its key rate to 9.5 percent from 8.0 percent. - Sapa-AFP

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