Russia's Rouble Plunges to 15-Month Low Amidst Economic Turmoil

The Russian rouble has fallen past 89 against the dollar, reaching its weakest point in over 15 months, due to concerns over domestic political risk following an aborted armed mutiny and a lack of support drivers. The rouble also weakened against the euro and yuan, hitting 15-month lows. The currency's decline is attributed to reduced export revenues and the balance of payments, according to the Bank of Russia. While the rouble's depreciation carries no risks to financial stability, its impact on inflation dynamics will be considered at the next board meeting on the key rate.