The pace of the Russian currency's decline increased to the level of 60.2 rubles against the dollar in Thursday's trading, following the Russian announcement of the partial mobilization of the army.
The ruble has also fallen since the announcement of the interest rate hike by the US Federal Reserve yesterday evening, and the highest exchange rate of the ruble against the dollar was recorded in mid-September, when it amounted to about 58.5 rubles per dollar.
Yesterday, Wednesday, the US Federal Reserve raised interest rates by 75 basis points for the third time in a row, and expected the target interest rate at its highest level since 2008, bringing it to a range of 4.25%-4.50% by the end of the year.
For his part, Sergey Shvetsov - who is the head of the supervisory board of the main Russian stock exchange - did not rule out the separation and sale of ruble-dollar trading operations as an independent business, and said that this option is under consideration as part of how the exchange responds to Western sanctions.
Meanwhile, the Russian Central Bank recommended that local banks and financial institutions give reservists mobilized in Russia's war on Ukraine additional periods of time to repay their bank loans.
In a related context;
Moscow fell 22 places to 73rd in the latest rankings issued by the Global Financial Centers Index, after Western countries cut ties with it due to its war on Ukraine last February.
New York is still the most preferred financial center in the world, and London is still ranked second, while Singapore ranked third after displacing Hong Kong.