Russia’s RTSI index is now targeting its 2009 low, with oil prices collapsing and the local currency falling like a stone, despite the Russian central bank’s interest rate increase from 10,5% to 17%.
Russia RTSI Index, daily chart:
Chart courtesy of investing.com. http://investing.com
The USD/RUB chart below is impressive, too.
USD/RUB, daily chart:
Chart courtesy of investing.com. http://investing.com
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