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Ruble's real effective rate down 5.7% in January-May
08.06.2009
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MOSCOW, June 8 (RIA Novosti) - The ruble's real
effective exchange rate, which determines the currency's value
to major currencies adjusted for the effects of inflation,
declined 5.7% in January-May, Russia's Central Bank said on
Monday.
The ruble's real rate dropped 7.8% both against the dollar and
the euro in the first five months of the year, the bank said,
citing preliminary data.
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