Futures for the Russian ruble were declining more than 25% Monday after the country’s central bank hiked interest rates in the face of tougher Western sanctions for Russia’s invasion of Ukraine.
The ruble’s futures contract for March 2022 at last check was down 25.3%. It had fallen as much as 29%, according to Bloomberg. The ruble traded as low as 120 per U.S. dollar from 83 on Friday.
The…
