Ruble starts growing after Central Bank decides to raise key rate

Ruble.

The Russian currency has started growing after the Bank of Russia decided to increase the key rate to 7.5% per annum.

The dollar dropped by 71 kopecks to 67.54 rubles. The euro lost 73 kopecks to 79.04 rubles.

The Bank of Russia lifted the key rate to 7.5% earlier today against the background of growing inflation risks.