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Ruble hits lowest worth in opposition to USD since early in Ukraine battle

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The ruble has dropped in opposition to the U.S. greenback in buying and selling in Moscow to it lowest degree because the first month of the battle in Ukraine

FILE – Folks stroll previous an change workplace display screen displaying the forex change charges of U.S. Greenback to Russian Rubles in St. Petersburg, Russia, on April 7, 2023. The ruble dropped in opposition to the US greenback in buying and selling Friday Aug. 4, 2023 in Moscow to its lowest degree because the first month of the battle in Ukraine. (AP Picture/Dmitri Lovetsky, File)

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The ruble dropped in opposition to the US greenback in buying and selling Friday in Moscow to its lowest degree because the first month of the battle in Ukraine.

The decline to 96 rubles in opposition to the greenback continued the Russian forex’s constant fall because the starting of the yr, when it traded at round 65 — a drop of about 30%.

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Friday’s worth was the bottom level since March 28, 2022, state information company Tass reported.

After Russia despatched troops into Ukraine in late February 2022, the ruble plunged to as little as about 120 in opposition to the greenback, however recovered rapidly because the Russian Central Financial institution undertook assist measures.



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