Rouble at Two-Year Lows as Pressure on Emerging Markets Persists

Rouble at Two-Year Lows as Pressure on Emerging Markets Persists
A man walks past the giant Belarusian ruble coin monument near the Ministry of taxes-and-duties in Minsk, on Feb. 22, 2017. SERGEI GAPON/AFP/Getty Images
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MOSCOW—The Russian rouble was near its lowest level in more than two years versus the dollar on aug. 13, pressured by a broader flight from emerging markets, although it was lent some support by the central bank which halted purchases of foreign currency for its reserves.

In early Aug. 13 trading, the rouble hit the 68.66 mark versus the dollar, a level not seen since April 2016. It later pared those losses and by 11:09 a.m. EDT was 0.44 percent weaker against the dollar at 68.02.