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Russian rouble hits new lows
Saudi Press Agency Published in Saudi Press Agency on 07 - 11 - 2014

The Russian rouble slid to new lows on Friday, falling
to almost 48.5 against the dollar and to below 60 roubles against the
euro, dpa reported.
The currency bounced back after media reports of an urgent meeting of
Russia's Central Bank. By late afternoon the rouble was trading at
just below 47 to the dollar at 58 to the euro.
Finance Minister Anton Siluanov assured that the Russian state has
enough foreign currency reserves to defend the rouble.
"The Central Bank is now reducing its interference on the foreign
exchange market. I think this is justified," Siluanov told the RIA
Novosti news agency.
-- SPA
19:08 LOCAL TIME 16:08 GMT
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