Russian c.bank: rouble rate to have pro-inflationary impact this year

Kitco Media
By Reuters
Published:
Updated:
Reuters
MOSCOW, April 12 (Reuters) - The rouble rate will have a pro-inflationary impact this year, Russia's Central Bank Governor Elvira Nabiullina said on Wednesday at a meeting in the State Duma, Russia's lower house of parliament. The Russian currency accelerated a months-long slide last week, tumbling to a one-year low at 83.5 against the dollar, on a lack of foreign currency in Moscow and the sale of Western businesses in Russia.
(Reporting by Elena Fabrichnaya; Writing by Alexander Marrow; Editing by Jan Harvey)

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