Reuters, London :
Russia’s rouble tumbled to a fresh record low in thin offshore trade on Monday, with local markets closed for trading until at least Wednesday. The rouble weakened to 133.5 to the dollar after closing at 121.037 on Friday, according to Refinitiv data. On the EBS trading platform, the rouble weakened as far as 141.00 to the dollar. Bid/offer spreads were between 10 and 15 cents, pointing to an increasingly illiquid market. Trading on the MOEX Moscow exchange is scheduled to be closed until Wednesday for a bank holiday. The rouble has lost more than 40 per cent of its value against the greenback since the start of the year, with losses sharply accelerating since Russia invaded Ukraine on February 24, which sparking sweeping sanctions from Western capitals.
