Russian rouble steady following rate hold, Navalny death

Monday, February 19th 2024, 7:22:52 am
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The Russian rouble steadied near 92 against the dollar on Monday after a volatile start to the session, as markets settled after the central bank held rates at 16% on Friday and news about the death in prison of opposition politician Alexei Navalny. The rouble recovered from dropping to mid-January lows at 93 to the dollar moments after Navalny's death was announced. Russian President Vladimir Putin's most prominent domestic foe, Navalny died at the Arctic prison where he was serving a three-decade prison term.
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