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the ruble
News updates related to the ruble.
The Indonesian central bank raised interest rates to 5.5% in an emergency measure to rescue the rupiah.
The Indonesian central bank (BI) unexpectedly raised its benchmark interest rate by 0.25 percentage points in an emergency meeting on June 9th to prevent a record plunge in the local currency and a wave of...
Market
India tightens silver imports: Requires licenses for granular and powdered silver.
The Indian government has placed granular and powdered silver on a restricted import list, requiring businesses to obtain licenses in order to reduce the trade deficit and stabilize the exchange rate.
Indian sugar mills finalize export contracts for 100,000 tons as world prices rise.
Taking advantage of the sharp rise in global sugar prices and the record drop in the rupee, Indian producers have quickly secured new shipments to Asian and African markets.
Indian sugar mill signs contract to export 100,000 tons as world prices rise.
Indian sugar producers have just signed new agreements amid global prices nearing a five-month high and the local currency falling to a record low.
Russia lowered interest rates for the fifth consecutive time, to 16%.
The Russian central bank cut its key interest rate by 0.5 percentage points to 16% amid slowing inflation and economic challenges.
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