Currency Note Worldwide

Russian rouble drops to a two-week low

By Ricky Bean December 30th, 2014

  • Monday also saw the Russian rouble drop to a two-week low, following the Economy Ministry announcing that gross domestic product shrank 0.5 percent in November 2014 from the previous year. This is the first time in five years that Russia’s economy has contracted.

  • The Indian currency fell for the fourth consecutive day on Monday 29th December, fast approaching 13-month lows as speculation grew that importers stepped up dollar purchases to settle year end bills. The rupee has fallen 3 percent against the US dollar over the last three weeks, as US economic data bolstered the case for the Federal Reserve to raise interest rates, reducing the appeal of emerging-market assets.