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Russian rouble drops record 30%, analysts expect ‘complete collapse’ soon
rouble tumbled to a record low against the dollar on Monday, after Western nations announced a harsh set of sanctions over the weekend to punish Russia for its invasion of Ukraine, including curbs on the country’s currency reserves.The rouble fell as far as 119.50 per dollar in Asian trading, a record low for the currency and a steep drop of 30 per cent from Friday’s close. It subsequently recovered to around 110 per dollar.