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The rouble nosedived on Monday, suffering its worst daily fall since Russia’s 1998 crisis amid renewed fears over the impact of tumbling oil prices on the country’s economy.
The currency hit Rbs53.54 against the dollar in Moscow morning trading, down 8.24 per cent from its Friday close and some 40 per cent since the start of the year. At one stage, the rouble had been down 8.98 per cent.
The plummeting currency raises the pressure on the central bank to resume market intervention, from which it had abstained since floating the rouble in early November.
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