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Russian Ruble Slumps to All-Time Low
The Russian ruble has dropped to historic lows of 50.30 to the euro and 36.5 to the U.S. dollar.
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The Russian ruble has dropped to historic lows of 50.30 to the euro and 36.5 to the U.S. dollar.
Analysts say the drop was triggered by a hike in the overnight lending rate of Russia's central bank to 7% from 5.5% and by Russia's threat to send troops into Ukraine.
Traders tells BBC News that investors are dumping Russian stocks ahead of a possible military confrontation and international sanctions against the country.
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