Russian rouble makes big gains after sharper-than-expected rate hike

  • 10/22/2021
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MOSCOW, Oct 22 (Reuters) - Russia’s rouble made huge gains on Friday, firming past 70 for the first time since late June 2020 after the central bank hiked interest rates by 75 basis points to 7.5%, a stronger-than-expected increase. (Reporting by Alexander Marrow and Andrey Ostroukh; Editing by Mark Trevelyan)

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