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MOSCOW: Russia’s ruble opened weaker on Thursday, as traders expected the central bank to cut its main lending rate at a regular monetary policy meeting later in the day.
At 0702 GMT, the ruble was around 0.6 per cent weaker against the dollar at 51.37 and lost 0.3 per cent to trade at 56.95 versus the euro.
The central bank will publish its decision on its key rate at around 1030 GMT, with the market predicting a rate cut of at least 100 basis points from its level of 14 per cent.
