The Rouble Is Tumbling Again

The Russian rouble tumbled to another record low on Monday as doubts surrounding the country intensify.

Russia's currency is threatening to cross 60 roubles to the dollar, a new low that is likely to trigger greater concern over the central bank's efforts to prevent rouble falls from impacting the country's financial stability.

Earlier on Monday Russia's benchmark international dollar bond yield climbed another 14 basis points to 6.75%. That is higher than the equivalent borrowing costs of Rwanda, the Financial Times reported.

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