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Ruble Weakens To Lowest Level Since February Against U.S. Dollar, Euro

The Russian ruble fell against the U.S. dollar and the euro on the Moscow Exchange on August 12, reaching its lowest rate since February.

The dollar reached the 65 ruble mark and the euro reached 72 rubles in the trading on August 12.

The Moscow Exchange then announced a halt in all trading that lasted almost 30 minutes, saying the unexpected stoppage was the result of technical problems.

After trading resumed on the Moscow Exchange, Russia's Central Bank announced the foreign exchange rate for $1 on August 13 would be 65.0169 rubles. That represents a fall in the value of the ruble of 2.86 percent.

The Central Bank also announced an August 13 exchange rate for the euro of 72.2078 rubles per, a fall of 3.63 percent for the ruble.

Based on reporting by TASS, Interfax and Reuters

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