Jittery rouble steadies
The Russian rouble strengthened to 93 against the dollar on Thursday, in a volatile week filled with speculation over how the authorities might stabilise the currency after a 350-basis-point rate hike appeared to have only a limited effect.
The Bank of Russia increased its key rate to 12 percent on Tuesday, an emergency attempt to halt the rouble's recent slide past the symbolic 100 threshold, but analysts said more measures may be needed to return the rouble to the 80-90 range authorities have deemed acceptable.
By 1005 GMT, the rouble was 1.8 percent stronger against the dollar at 92.92, earlier clipping a two-week high. It had reached a near 17-month low of 101.75 against the dollar on Monday.
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