Reuters
Rouble pares some losses after sinking to three-month low near 65 vs dollar[1]
The Russian rouble fell to a more than three-month low near 65 to the dollar in early trade on Wednesday before paring some losses, under pressure from geopolitical tensions linked to the conflict in Ukraine and lower oil prices. At 0734 GMT, the rouble was 0.8% weaker against the dollar at 64.20, earlier hitting its weakest point since July 6 of 64.9275. The rouble is still the world’s best-performing currency this year, supported by the central bank’s capital controls and a collapse in imports as Western governments unloaded hefty sanctions on Russia over its actions in Ukraine, while scores of foreign companies paused operations in the country.