Rouble at fresh low as devaluation continues apace

The rouble slumped to a record low against the greenback on Thursday as the country's central bank stepped up its devaluation of the currency.

The currency was trading at Rb32.3250 by 16:45 UK time on Thursday, down from Rb32.41 to the dollar earlier in the day - the lowest since the currency was redenominated following the 1998 financial crisis.

The central bank was thought to have widened the currency band for the fourth time in five days on Thursday.

The redenominations mark the latest

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