Representative image 
Business

Russia's rouble extends gains after central bank's rate hike

It traded at 105.3 versus the euro, firming from the 105.5 at close in the previous sessions.

Reuters

MOSCOW: The Russian rouble firmed in early trading on Wednesday, extending gains from the previous session that came after the central bank hiked interest rates in an emergency meeting aimed at supporting the currency. At 0407 GMT, in a thin trade, the rouble was trading at 96.5 against the dollar after closing at 97.09 the previous session.

It traded at 105.3 versus the euro, firming from the 105.5 at close in the previous sessions. It was stable against the yuan at 13.39. Tuesday's extraordinary rate meeting came after the rouble plummeted past the 100 threshold against the dollar on Monday and the Kremlin criticised the central bank's monetary policy.

CM Vijay declares Rs 5L for temple car mishap victim's kin

IPL 2026 Final: Bowlers shine as RCB restrict GT to 155/8 to gain advantage

Saket building collapse: Death toll rises to 6, FIR registered, 2 MCD engineers suspended

5,000-cap for CM Vijay's Tiruchy East meet to thank voters

Luis Enrique makes Mbappe-less PSG a scary demon