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The Russian ruble has weakened significantly, hitting a 10-month low against the dollar following a recent Ukrainian attack on the Kursk region. During Tuesday's trading session, the ruble briefly dropped to 96.60 against the dollar before rebounding to its opening level of 90.99. The attack, which occurred a week ago, has also led to the ruble falling by almost 4% against the euro. Since the beginning of the Kursk offensive on August 6, the ruble has lost 7.5% against the euro, moving from EUR/RUB 93.0 to 100.6. This depreciation is expected to contribute to increased inflation in Russia.
According to Russia's Central Bank, the ruble took a big hit today, falling by almost 4% against the euro. Since the start of the Kursk offensive on August 6, Russia's currency lost 7.5% (EUR/RUB 93.0 --> 100.6). This will cause more inflation... https://t.co/ONdP5nrJ1b https://t.co/IQoFRmkTu2
🚨🇷🇺RUSSIAN ROUBLE HITS 10-MONTH LOW AFTER UKRAINIAN ATTACK ON KURSK It briefly weakened to a 10-month low against the dollar on Tuesday following Ukraine's unexpected attack on Russia's Kursk region, dropping to 96.60 before rebounding to its opening level of 90.99. Despite… https://t.co/QRbYWp3HVW
Russian rouble touches 10-month low vs dollar following Kursk attack https://t.co/VNm9zrB5SK https://t.co/QRL0vrnR1x
