The Russian ruble slid today as the decline of crude oil reduced attractiveness of assets related to the major oil-exporting country.
Futures for crude slipped 0.6 percent to $104.72 per barrel in New York today. Oil together with natural gas makes up about 50 percent of export revenue for the biggest energy-exporting country in the world. Crude oil was weakening as traders were concerned about global economic growth. Such concerns were caused primarily by the bunch of poor reports from China.
USD/RUB rose from 32.4837 to 32.6230 as of 15:54 GMT today.
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